Hoya (OTCMKTS:HOCPY) Shares Gap Down – What’s Next?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $150.20, but opened at $143.88. Hoya shares last traded at $149.04, with a volume of 4,310 shares.

Hoya Stock Down 0.7%

The stock has a market cap of $49.93 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 3.11 and a beta of 0.96. The firm’s fifty day moving average price is $154.25 and its two-hundred day moving average price is $164.99. 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 announced its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. Hoya had a return on equity of 25.78% and a net margin of 27.58%. Sell-side analysts forecast that Hoya Corp. will post 5.26 earnings per share for the current fiscal 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.