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Hoya (OTCMKTS:HOCPY) Shares Gap Up - Time to Buy?

Hoya logo with Computer and Technology background

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $113.19, but opened at $117.54. Hoya shares last traded at $117.54, with a volume of 783 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on Hoya

Hoya Stock Up 4.2%

The firm has a 50-day simple moving average of $117.89 and a 200 day simple moving average of $121.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.90 and a quick ratio of 4.21. The company has a market capitalization of $40.48 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.26 and a beta of 0.91.

Hoya (OTCMKTS:HOCPY - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). The business had revenue of $1.52 billion for 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%. On average, research analysts predict that Hoya Corp. will post 3.66 EPS for the current fiscal year.

About Hoya

(Get Free Report)

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.

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