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HOYA (OTCMKTS:HOCPY) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

HOYA logo with Computer and Technology background

HOYA Co. (OTCMKTS:HOCPY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $122.41 and traded as low as $110.90. HOYA shares last traded at $114.54, with a volume of 19,826 shares trading hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on HOCPY

HOYA Stock Up 0.1%

The stock has a market cap of $39.30 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. The company has a current ratio of 5.04, a quick ratio of 4.35 and a debt-to-equity ratio of 0.02. The stock's fifty day moving average price is $116.05 and its 200 day moving average price is $122.41.

HOYA (OTCMKTS:HOCPY - Get Free Report) last posted its quarterly earnings results 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 24.17% and a return on equity of 21.34%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, research analysts forecast that HOYA Co. will post 3.66 earnings per share 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.

Further Reading

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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