Hoya (OTCMKTS:HOCPY) Shares Gap Up – Still a Buy?

Hoya Corp. (OTCMKTS:HOCPY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $156.43, but opened at $162.51. Hoya shares last traded at $162.2740, with a volume of 1,941 shares traded.

Hoya Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.32. The company has a 50 day moving average price of $154.14 and a 200 day moving average price of $142.29. The firm has a market cap of $55.84 billion, a PE ratio of 39.89, a PEG ratio of 3.40 and a beta of 1.01.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings data on Friday, October 31st. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $225.61 billion. Hoya had a net margin of 23.33% and a return on equity of 21.01%. Sell-side analysts expect that Hoya Corp. will post 3.66 EPS for the current fiscal year.

Hoya Company Profile

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.