Hoya (OTCMKTS:HOCPY) Sets New 52-Week Low – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $139.85 and last traded at $143.9250, with a volume of 8,619 shares trading hands. The stock had previously closed at $145.90.

Analyst Upgrades and Downgrades

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

Hoya Stock Down 1.2%

The firm has a market cap of $48.24 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The company’s 50-day simple moving average is $155.06 and its 200 day simple moving average is $165.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20.

Hoya (OTCMKTS:HOCPY) last posted its earnings results on Friday, October 30th. The technology company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.67 billion. Hoya had a net margin of 28.48% and a return on equity of 27.06%. Research analysts anticipate that Hoya Corp. will post 5.27 EPS for the current fiscal year.

Hoya Company Profile

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.