Hoya (OTCMKTS:HOCPY) Sets New 52-Week High – Still a Buy?

Hoya Corp. (OTCMKTS:HOCPY) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $176.89 and last traded at $175.9570, with a volume of 24601 shares changing hands. The stock had previously closed at $173.86.

Hoya Price Performance

The business’s 50-day simple moving average is $156.92 and its 200 day simple moving average is $147.11. The company has a market capitalization of $59.55 billion, a P/E ratio of 35.98, a P/E/G ratio of 3.56 and a beta of 1.00. The company has a current ratio of 4.97, a quick ratio of 4.32 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings data on Friday, January 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.68. Hoya had a net margin of 27.22% and a return on equity of 24.96%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. As a group, sell-side analysts anticipate that Hoya Corp. will post 3.66 EPS for the current year.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.