Hoya (OTCMKTS:HOCPY) Hits New 1-Year High - What's Next?

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 stock price hit a new 52-week high during trading on Wednesday . The stock 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

Several equities research analysts have commented on the company. Nomura Securities upgraded Hoya to a "strong-buy" rating in a research note on Monday, August 18th. The Goldman Sachs Group upgraded 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.com, Hoya presently has an average rating of "Strong Buy".

Hoya Trading Down 3.6%

The company has a quick ratio of 4.46, a current ratio of 5.19 and a debt-to-equity ratio of 0.03. The firm has a market cap of $47.89 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. The business has a 50 day moving average price of $131.68 and a 200-day moving average price of $121.75.

Hoya (OTCMKTS:HOCPY - Get Free Report) last posted its earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share (EPS) 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. As a group, research analysts expect that Hoya Corp. will post 3.66 EPS for the current fiscal year.

Hoya Company Profile

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.