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Hoya (OTCMKTS:HOCPY) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Hoya logo with Computer and Technology background

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $119.81 and traded as high as $122.54. Hoya shares last traded at $121.92, with a volume of 22,537 shares traded.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on HOCPY

Hoya Stock Performance

The company has a market capitalization of $41.83 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.33 and a beta of 0.90. The stock has a 50-day moving average price of $119.81 and a 200-day moving average price of $120.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.90 and a quick ratio of 4.21.

Hoya (OTCMKTS:HOCPY - Get Free Report) last released its quarterly earnings data 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). Hoya had a net margin of 23.22% and a return on equity of 20.43%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, analysts forecast that Hoya Corp. will post 3.66 earnings per share for the current 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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