Hoya (OTCMKTS:HOCPY) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Hoya Corp.'s stock price surpassed its 50-day moving average of $131.31, reaching a high of $144.99 during trading.
• Multiple analysts have recently upgraded Hoya's rating to "strong-buy," highlighting a consensus recommendation for the stock.
• The company's latest earnings report showed earnings per share of $1.05, exceeding expectations of $1.04, with revenue of $1.53 billion against a forecast of $1.47 billion.

Shares of Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $131.31 and traded as high as $144.99. Hoya shares last traded at $144.78, with a volume of 55,923 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on HOCPY. The Goldman Sachs Group raised Hoya from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. 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 data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

Hoya Trading Down 3.6%

The business's 50-day moving average price is $131.68 and its two-hundred day moving average price is $121.75. The company has a market capitalization of $47.89 billion, a P/E ratio of 34.89, a PEG ratio of 2.98 and a beta of 0.94. 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 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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. As a group, analysts forecast that Hoya Corp. will post 3.66 EPS 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.