Hoya (OTCMKTS:HOCPY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Hoya Corp. (OTCMKTS:HOCPY) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $166.07 and traded as low as $163.22. Hoya shares last traded at $165.3350, with a volume of 27,343 shares changing hands.

Wall Street Analysts Forecast Growth

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, Hoya presently has a consensus rating of “Strong Buy”.

Hoya Stock Performance

The stock has a fifty day simple moving average of $155.28 and a two-hundred day simple moving average of $166.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 3.48 and a beta of 0.97.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings data on Friday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Hoya had a return on equity of 25.78% and a net margin of 27.58%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.67 billion. Analysts forecast that Hoya Corp. will post 5.26 earnings per share 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.