Zacks Investment Research Upgrades HOYA (OTCMKTS:HOCPY) to Buy

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Zacks Investment Research upgraded shares of HOYA (OTCMKTS:HOCPY) from a hold rating to a buy rating in a research note published on Wednesday morning, reports. Zacks Investment Research currently has $151.00 target price on the technology company’s stock.

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. “

HOCPY has been the subject of a number of other research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded HOYA from a neutral rating to an outperform rating in a research report on Monday, December 21st. Smith Barney Citigroup raised shares of HOYA from a neutral rating to an outperform rating in a report on Monday, December 21st.

Shares of HOYA stock opened at $136.72 on Wednesday. The firm has a market cap of $51.39 billion, a price-to-earnings ratio of 50.45 and a beta of 0.45. The business has a 50-day moving average price of $133.04 and a 200-day moving average price of $113.45. The company has a quick ratio of 4.16, a current ratio of 4.95 and a debt-to-equity ratio of 0.02. HOYA has a twelve month low of $70.36 and a twelve month high of $141.08.

About HOYA

HOYA Corporation operates as a med-tech company, and a supplier of high-tech and medical products worldwide. The company operates through three segments: Life Care, Information Technology, and Other. The Life Care segment 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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