Nomura Securities Upgrades Hoya (OTCMKTS:HOCPY) to Strong-Buy

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 research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Erste Group Bank upgraded shares of Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. 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, Based on data from MarketBeat, Hoya currently has a consensus rating of "Strong Buy".

Hoya Price Performance

OTCMKTS:HOCPY traded up $0.18 during trading hours on Monday, hitting $130.89. The stock had a trading volume of 13,099 shares, compared to its average volume of 28,315. The company has a 50 day simple moving average of $123.71 and a two-hundred day simple moving average of $119.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.19 and a quick ratio of 4.21. Hoya has a one year low of $97.4930 and a one year high of $148.27. The firm has a market capitalization of $44.91 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.61 and a beta of 0.91.

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