Hoya (OTCMKTS:HOCPY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Hoya Corp. (OTCMKTS:HOCPY)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $137.48 and traded as high as $141.28. Hoya shares last traded at $141.00, with a volume of 19,970 shares trading hands.

Wall Street Analysts Forecast Growth

HOCPY has been the topic of a number of analyst reports. Nomura Securities upgraded Hoya to a “strong-buy” rating in a report on Monday, August 18th. The Goldman Sachs Group raised Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Hoya currently has a consensus rating of “Strong Buy”.

Hoya Trading Down 0.1%

The company has a market cap of $48.38 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 3.02 and a beta of 1.03. The business has a 50 day simple moving average of $137.48 and a two-hundred day simple moving average of $124.76. The company has a current ratio of 5.19, a quick ratio of 4.46 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. Hoya had a return on equity of 21.01% and a net margin of 23.57%. On average, analysts forecast that Hoya Corp. will post 3.66 EPS for the current fiscal year.

Hoya Company Profile

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.