Hoya (OTCMKTS:HOCPY) Shares Gap Down – What’s Next?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $186.80, but opened at $176.99. Hoya shares last traded at $176.99, with a volume of 582 shares trading hands.

Hoya Trading Down 0.2%

The company’s fifty day moving average is $178.83 and its two-hundred day moving average is $165.98. The stock has a market cap of $59.82 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.59 and a beta of 1.01. The company has a quick ratio of 4.27, a current ratio of 4.96 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, January 30th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.68. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Hoya had a net margin of 27.08% and a return on equity of 24.49%. On average, research analysts predict that Hoya Corp. will post 4.77 EPS for the current fiscal year.

About Hoya

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.