Hoya (OTCMKTS:HOCPY) Shares Gap Down - What's Next?

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $117.59, but opened at $113.22. Hoya shares last traded at $117.06, with a volume of 1,709 shares.

Wall Street Analyst Weigh In

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

Hoya Stock Up 2.0%

The company has a quick ratio of 4.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $118.53 and a two-hundred day moving average of $121.42. The firm has a market capitalization of $40.16 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91.

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