Hoya (OTCMKTS:HOCPY) Shares Break Above Fifty Day Moving Average – What’s Next?

Hoya Corp. (OTCMKTS:HOCPY) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $154.98 and traded as high as $158.27. Hoya shares last traded at $157.35, with a volume of 20,602 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Hoya Stock Down 1.2%

The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03. The firm has a market cap of $52.96 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. The stock’s fifty day moving average is $154.73 and its two-hundred day moving average is $163.42.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.78%. As a group, research analysts anticipate that Hoya Corp. will post 5.26 earnings per share for the current year.

About Hoya

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.