Hoya (OTCMKTS:HOCPY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Hoya Corp. (OTCMKTS:HOCPY) experienced a significant increase in trading volume, with approximately 95,856 shares traded, up 171% from the previous session.
• Analysts have recently upgraded Hoya from a "hold" to a "strong-buy" rating, indicating increased confidence in the company's stock performance.
• Despite a 0.2% decline in stock price to $127.15, Hoya reported quarterly earnings of $0.98 EPS, slightly missing estimates but achieving a revenue of $1.52 billion, above analyst expectations.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 95,856 shares changed hands during mid-day trading, an increase of 171% from the previous session's volume of 35,384 shares.The stock last traded at $127.15 and had previously closed at $127.34.

Analyst Ratings Changes

HOCPY has been the topic of a number of recent analyst reports. Erste Group Bank raised 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 report on Wednesday, July 23rd.

Hoya Stock Down 0.2%

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.90 and a quick ratio of 4.21. The company has a market cap of $43.61 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 2.52 and a beta of 0.90. The firm's 50 day simple moving average is $120.30 and its 200-day simple moving average is $120.23.

Hoya (OTCMKTS:HOCPY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.01). Hoya had a net margin of 23.22% and a return on equity of 20.43%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts anticipate 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.

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