Hoya (OTCMKTS:HOCPY) Reaches New 12-Month High - Time to Buy?

Key Points

• Hoya Corp. reached a new 52-week high, trading as high as $152.85, with a latest price of $151.08 and a trading volume of 47,682 shares.
• Analysts from both Nomura Securities and Goldman Sachs have upgraded Hoya to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" from multiple investment analysts.
• In its latest quarterly earnings report, Hoya announced an EPS of $1.05, exceeding consensus estimates, and generated $1.53 billion in revenue, surpassing analyst expectations of $1.47 billion.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $152.85 and last traded at $151.08, with a volume of 47682 shares trading hands. The stock had previously closed at $146.04.

Analysts Set New Price Targets

HOCPY has been the subject of a number of analyst reports. Nomura Securities raised Hoya to a "strong-buy" rating in a research note on Monday, August 18th. The Goldman Sachs Group raised Hoya from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

Hoya Price Performance

The business has a 50 day moving average of $134.78 and a 200 day moving average of $123.46. The company has a market cap of $52.05 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 3.12 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.19 and a quick ratio of 4.46.

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, topping 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. As a group, research analysts predict that Hoya Corp. 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.

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