Hoya (OTCMKTS:HOCPY) Shares Cross Above 50 Day Moving Average - Time to 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.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s share price crossed 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 trading hands.

Wall Street Analysts Forecast Growth

HOCPY has been the topic of several recent research reports. Nomura Securities upgraded shares of Hoya to a "strong-buy" rating in a research report on Monday, August 18th. Erste Group Bank upgraded shares of Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group upgraded shares of Hoya from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Hoya Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 5.19 and a quick ratio of 4.46. The stock has a market capitalization of $44.43 billion, a P/E ratio of 32.38, a PEG ratio of 2.73 and a beta of 0.94. The company's 50 day simple moving average is $125.19 and its two-hundred day simple moving average is $119.83.

Hoya (OTCMKTS:HOCPY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The technology company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.47 billion. Hoya had a net margin of 23.57% and a return on equity of 21.01%. As a group, equities analysts expect that Hoya Corp. will post 3.66 EPS for the current fiscal 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.