Hoya (OTCMKTS:HOCPY) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Hoya Corp. (OTCMKTS:HOCPY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $139.60 and traded as high as $152.18. Hoya shares last traded at $150.00, with a volume of 11,937 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on HOCPY shares. Nomura Securities raised Hoya to a “strong-buy” rating in a research note on Monday, August 18th. The Goldman Sachs Group raised Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Hoya Price Performance

The company has a current ratio of 5.19, a quick ratio of 4.46 and a debt-to-equity ratio of 0.03. The firm has a market cap of $51.47 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. The stock has a 50-day moving average of $139.60 and a two-hundred day moving average of $126.34.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. Hoya had a return on equity of 21.01% and a net margin of 23.57%.The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. On average, analysts anticipate that Hoya Corp. will post 3.66 EPS for the current year.

About Hoya

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.