Zacks Research Upgrades Hoya (OTCMKTS:HOCPY) to Strong-Buy

Hoya (OTCMKTS:HOCPY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

Hoya Price Performance

Shares of OTCMKTS:HOCPY opened at $152.84 on Wednesday. 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 stock has a market cap of $51.18 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 3.11 and a beta of 0.97. The stock’s fifty day simple moving average is $154.06 and its two-hundred day simple moving average is $164.51. Hoya has a 1-year low of $138.88 and a 1-year high of $190.18.

Hoya (OTCMKTS:HOCPY) last posted its 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. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. As a group, analysts forecast that Hoya will post 5.26 EPS for the current fiscal year.

Hoya Company Profile

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.