Hoya (OTCMKTS:HOCPY) Shares Gap Down - Here's What Happened

Key Points

• Hoya gapped down Monday, opening at $176.99 after a prior close of $186.80 and was last trading at $176.99 on light volume of 582 shares.
• Strong quarterly beat: Hoya reported Q4 EPS of $1.76 versus the $1.08 consensus and revenue of $1.59B versus $1.53B, with a 27.08% net margin and 24.49% return on equity.
• The company has a $59.82B market cap, a P/E of 36.37 and PEG of 2.59, alongside very low debt (debt/equity 0.03) and strong liquidity (current ratio 4.96, quick ratio 4.27); its 50‑ and 200‑day moving averages are $178.83 and $165.98.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $186.80, but opened at $176.99. Hoya shares last traded at $176.99, with a volume of 582 shares trading hands.

Hoya Trading Down 0.2%

The company's 50 day moving average price is $178.83 and its 200 day moving average price is $165.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.27. The firm has a market cap of $59.82 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01.

Hoya (OTCMKTS:HOCPY - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.08 by $0.68. Hoya had a net margin of 27.08% and a return on equity of 24.49%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.53 billion. As a group, analysts forecast that Hoya Corp. will post 4.77 EPS for the current fiscal year.

About Hoya

Hoya Corporation OTCMKTS: HOCPY is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya's product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.

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