Hoya (OTCMKTS:HOCPY) Shares Gap Down - Should You Sell?

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $117.80, but opened at $113.48. Hoya shares last traded at $113.62, with a volume of 815 shares.

Analyst Upgrades and Downgrades

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

Hoya Trading Down 0.2%

The stock has a market cap of $40.34 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.21 and a current ratio of 4.90. The company's 50-day moving average price is $119.50 and its 200 day moving average price is $120.92.

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