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Hoya (OTCMKTS:HOCPY) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Hoya logo with Computer and Technology background

Shares of Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $119.51 and traded as high as $123.82. Hoya shares last traded at $122.96, with a volume of 26,082 shares.

Analyst Ratings Changes

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

View Our Latest Analysis on HOCPY

Hoya Stock Down 0.9%

The firm's 50 day simple moving average is $119.51 and its 200 day simple moving average is $120.09. The company has a market cap of $42.19 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90. The company has a quick ratio of 4.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.03.

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