Hoya (OTCMKTS:HOCPY) Shares Gap Down – Should You Sell?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $156.10, but opened at $146.74. Hoya shares last traded at $151.26, with a volume of 1,372 shares traded.

Hoya Price Performance

The firm’s 50 day moving average price is $156.98 and its two-hundred day moving average price is $168.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20. The stock has a market cap of $50.19 billion, a PE ratio of 29.74, a P/E/G ratio of 3.34 and a beta of 0.96.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, research analysts expect that Hoya Corp. will post 5.11 earnings per share for the current year.

About Hoya

Hoya Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its offerings serve the healthcare, semiconductor, electronics and imaging industries, with operations and customers in markets around the world.

Through its Life Care business, Hoya provides prescription eyeglass lenses, contact lenses and related vision-care products. The company also supplies medical products, including intraocular lenses used in cataract procedures and equipment and systems used in endoscopic and other medical applications.

Hoya’s Information Technology business produces photomasks and mask blanks used in semiconductor manufacturing, as well as optical components, glass substrates and other precision products for electronics and imaging applications.