Hoya (OTCMKTS:HOCPY) Announces Quarterly Earnings Results

Hoya (OTCMKTS:HOCPY) released its earnings results on Friday. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05, Zacks reports. Hoya had a return on equity of 25.78% and a net margin of 27.58%.

Hoya Stock Performance

Shares of HOCPY traded down $2.19 during trading hours on Friday, hitting $165.34. The company’s stock had a trading volume of 27,343 shares, compared to its average volume of 39,042. The company has a market cap of $55.36 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 3.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20. The business has a 50 day simple moving average of $155.12 and a two-hundred day simple moving average of $166.06. Hoya has a 52-week low of $140.90 and a 52-week high of $190.18.

Analyst Ratings Changes

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

About Hoya

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.