Hoya (OTCMKTS:HOCPY) Shares Down 5.2% – Should You Sell?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price fell 5.2% during trading on Tuesday . The stock traded as low as $141.05 and last traded at $141.0970. 620 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 35,675 shares. The stock had previously closed at $148.91.

Hoya Stock Performance

The company has a market capitalization of $48.11 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.99 and a beta of 0.96. 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 50 day simple moving average of $155.78 and a two-hundred day simple moving average of $166.73.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. Hoya had a return on equity of 25.78% and a net margin of 27.58%.The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. As a group, analysts anticipate that Hoya Corp. will post 5.26 earnings per share for the current year.

About Hoya

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.