Hoya (OTCMKTS:HOCPY) Upgraded by Nomura Securities to "Strong-Buy" Rating

Key Points

• Hoya's stock has been upgraded to a "strong-buy" rating by Nomura Securities, joining several other analysts who have also issued similar ratings.
• Despite the positive ratings, Hoya's shares have decreased by 2.3%, trading at $130.2050 during midday trading, with a market capitalization of $44.68 billion.
• Hoya reported earnings of $1.05 per share for the last quarter, exceeding estimates, with total revenue of $1.53 billion, surpassing analyst predictions.

Nomura Securities upgraded shares of Hoya (OTCMKTS:HOCPY - Free Report) to a strong-buy rating in a report issued on Monday, August 18th,Zacks.com reports.

Several other research firms have also weighed in on HOCPY. Erste Group Bank raised Hoya from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 23rd. 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, Based on data from MarketBeat, Hoya presently has an average rating of "Strong Buy".

Hoya Trading Down 0.5%

Shares of HOCPY traded down $0.68 during trading hours on Monday, hitting $130.21. 5,898 shares of the stock traded hands, compared to its average volume of 34,232. The company has a current ratio of 5.19, a quick ratio of 4.46 and a debt-to-equity ratio of 0.03. Hoya has a 1-year low of $97.4930 and a 1-year high of $148.27. The firm has a market capitalization of $44.68 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.91. The business has a fifty day moving average of $123.71 and a 200-day moving average of $119.65.

Hoya (OTCMKTS:HOCPY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.47 billion. Analysts expect that Hoya will post 3.66 EPS for the current 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.