Hoya (OTCMKTS:HOCPY) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $118.92 and traded as high as $121.79. Hoya shares last traded at $119.00, with a volume of 17,948 shares traded.

Analysts Set New Price Targets

Separately, Erste Group Bank upgraded Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd.

Hoya Trading Down 0.2%

The firm has a market cap of $40.34 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.32 and a beta of 0.91. The company has a current ratio of 4.90, a quick ratio of 4.21 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $119.50 and a 200 day simple moving average of $120.92.

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