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

Key Points

• Gapped down pre-market: Hoya opened at $168.70 after a prior close of $175.205 but later traded up to $176.89 (+0.8%) on light volume (3,288 shares).
• Earnings beat: The company reported $1.76 EPS vs. $1.08 expected and $1.59B in revenue vs. $1.53B est., with a 24.88% ROE and a 27.22% net margin.
• Strong balance sheet and valuation: Hoya has a $59.75B market cap, PE 36.11 and PEG 2.73, very low debt-to-equity (0.03) and high liquidity (current ratio 4.96), while analysts expect about $3.66 EPS for the fiscal year.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $175.2050, but opened at $168.70. Hoya shares last traded at $176.89, with a volume of 3,288 shares changing hands.

Hoya Trading Up 0.8%

The firm has a market capitalization of $59.75 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00. 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 company has a fifty day moving average of $172.01 and a 200-day moving average of $157.08.

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