Hoya (OTCMKTS:HOCPY) Hits New 12-Month High - Should You Buy?

Key Points

• Hoya Corp. achieved a new 52-week high stock price of $150.08 before closing at $144.00, with a trading volume of 545 shares.
• Several analysts, including Goldman Sachs and Nomura Securities, upgraded Hoya's rating to "strong-buy", contributing to a general consensus rating of "Strong Buy".
• Hoya reported earnings of $1.05 per share for the last quarter, surpassing estimates and achieving a revenue of $1.53 billion, indicating a net margin of 23.57%.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $150.08 and last traded at $144.00, with a volume of 545 shares traded. The stock had previously closed at $147.28.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Erste Group Bank raised shares of Hoya from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd. Nomura Securities raised Hoya to a "strong-buy" rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group raised shares of 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, Hoya has a consensus rating of "Strong Buy".

Hoya Stock Down 3.6%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.46 and a current ratio of 5.19. The stock's 50 day moving average price is $131.68 and its 200-day moving average price is $121.74. The company has a market cap of $47.89 billion, a PE ratio of 34.89, a PEG ratio of 3.09 and a beta of 0.94.

Hoya (OTCMKTS:HOCPY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. Hoya had a net margin of 23.57% and a return on equity of 21.01%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. On average, analysts predict that Hoya Corp. will post 3.66 earnings per share 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.