Hoya (OTCMKTS:HOCPY) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• Hoya Corp. shares surpassed their 50-day moving average of $124.02, with the stock last trading at $129.77.
• Several analysts, including Erste Group Bank and Goldman Sachs, have upgraded Hoya's rating to "strong-buy," reflecting a positive outlook for the company.
• Hoya reported $1.05 EPS for the last quarter, exceeding the estimated $1.04, and achieved a revenue of $1.53 billion against estimates of $1.47 billion.

Shares of Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $124.02 and traded as high as $131.28. Hoya shares last traded at $129.77, with a volume of 8,581 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Hoya from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Erste Group Bank raised shares of Hoya from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd. Finally, Nomura Securities raised shares of Hoya to a "strong-buy" rating in a report on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Hoya Stock Up 0.5%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.46 and a current ratio of 5.19. The company has a market capitalization of $44.97 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 2.75 and a beta of 0.91. The stock's fifty day simple moving average is $124.89 and its two-hundred day simple moving average is $119.89.

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 for the quarter, beating analysts' consensus estimates of $1.04 by $0.01. Hoya had a net margin of 23.57% and a return on equity of 21.01%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.47 billion. On average, sell-side analysts anticipate that Hoya Corp. will post 3.66 EPS 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.