Hoya (OTCMKTS:HOCPY) Shares Down 5.2% – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY) shares fell 5.2% during mid-day trading on Tuesday . The company traded as low as $141.05 and last traded at $141.0970. 620 shares were traded during trading, a decline of 98% from the average daily volume of 35,675 shares. The stock had previously closed at $148.91.

Hoya Stock Performance

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 cap of $48.18 billion, a PE ratio of 28.55, a PEG ratio of 3.09 and a beta of 0.96. The company’s 50-day moving average price is $156.14 and its two-hundred day moving average price is $167.35.

Hoya (OTCMKTS:HOCPY) last issued 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 return on equity of 25.78% and a net margin of 27.58%.The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. On average, equities research analysts forecast that Hoya Corp. will post 5.26 EPS for the current year.

About Hoya

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.