Hoya (OTCMKTS:HOCPY) Shares Gap Down - Time to Sell?

Key Points

• Price action: Shares gapped down at the open (prior close $186.20, open $181.3040) but later recovered to $185.99 and were trading up about 0.3% on very light volume (1,268 shares).
• Earnings beat: Hoya reported stronger-than-expected results, with EPS $1.76 vs. $1.08 expected and revenue $1.59B vs. $1.53B, and posted a 27.22% net margin and 24.88% ROE.
• Solid fundamentals: The company has a $63.32B market cap, PE 38.26 and PEG 2.69, very strong liquidity (quick ratio 4.27, current ratio 4.96), minimal leverage (debt/equity 0.03), and analysts forecast FY EPS of 3.66.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $186.20, but opened at $181.3040. Hoya shares last traded at $185.99, with a volume of 1,268 shares.

Hoya Trading Up 0.3%

The firm has a market cap of $63.32 billion, a PE ratio of 38.26, a PEG ratio of 2.69 and a beta of 1.00. The company has a quick ratio of 4.27, a current ratio of 4.96 and a debt-to-equity ratio of 0.03. The stock's fifty day simple moving average is $177.80 and its two-hundred day simple moving average is $162.27.

Hoya (OTCMKTS:HOCPY - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.68. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.53 billion. Hoya had a net margin of 27.22% and a return on equity of 24.88%. On average, sell-side analysts forecast that Hoya Corp. will post 3.66 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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