Hoya (OTCMKTS:HOCPY) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research lowered shares of Hoya (OTCMKTS:HOCPY) from a hold rating to a sell rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Hoya Corporation is a specialty manufacturer of optical glass. The Company’s business activities include information technology, eye care, medical, and imaging systems. Its information technologies products include mask blanks and photomasks for semiconductor and LCD, glass memory disks, optical lenses, laser equipment and glass for electronic materials. Its eye care segment includes eyeglass lenses, contact lenses and intraocular lenses while the medical segment includes endoscopic imaging devices and hydroxyapatite. The Company’s imaging system offers digital cameras and CCTV lenses. It also offers system architecture, crystal products, surveying instruments. Hoya Corporation is based in Tokyo, Japan. “

Separately, Jefferies Financial Group cut Hoya from a buy rating to a hold rating in a report on Wednesday, June 19th.

Shares of HOCPY opened at $79.72 on Tuesday. Hoya has a 12-month low of $51.60 and a 12-month high of $81.41. The business has a 50-day simple moving average of $77.27 and a two-hundred day simple moving average of $70.41. The stock has a market cap of $30.37 billion, a PE ratio of 27.49, a PEG ratio of 2.65 and a beta of 0.65.

About Hoya

HOYA Corporation engages in the life care and information technology businesses. The company offers healthcare products, including eyeglass and contact lenses; and medical products, such as medical endoscopes, laparoscopic surgical instruments, intraocular lenses, and prosthetic ceramic fillers and orthopedic implants.

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