Hoya (OTCMKTS:HOCPY) Trading Up 7.5% After Better-Than-Expected Earnings

Hoya Corp. (OTCMKTS:HOCPY)’s share price traded up 7.5% during mid-day trading on Friday following a stronger than expected earnings report. The company traded as high as $155.47 and last traded at $155.47. 289 shares traded hands during trading, a decline of 99% from the average daily volume of 35,996 shares. The stock had previously closed at $144.67.

The technology company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.09. Hoya had a return on equity of 24.43% and a net margin of 27.08%.

Hoya Trading Up 1.9%

The company has a current ratio of 4.81, a quick ratio of 4.15 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $52.06 billion, a P/E ratio of 31.99, a P/E/G ratio of 3.35 and a beta of 0.98. The business’s fifty day simple moving average is $160.83 and its two-hundred day simple moving average is $170.32.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.