Hoya (OTCMKTS:HOCPY) Sees Unusually-High Trading Volume – Time to Buy?

Hoya Corp. (OTCMKTS:HOCPY) saw unusually-high trading volume on Monday . 44,891 shares changed hands during trading, an increase of 24% from the previous session’s volume of 36,181 shares.The stock last traded at $165.2344 and had previously closed at $160.87.

Hoya Stock Performance

The firm has a market cap of $55.38 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 3.80 and a beta of 0.98. The business has a 50 day simple moving average of $160.06 and a two-hundred day simple moving average of $170.35. The company has a quick ratio of 4.15, a current ratio of 4.81 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Hoya had a net margin of 27.58% and a return on equity of 25.15%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, equities research analysts forecast that Hoya Corp. will post 4.87 earnings per share for the current fiscal year.

About Hoya

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.