Hoya (OTCMKTS:HOCPY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Hoya Corp. (OTCMKTS:HOCPY)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $166.07 and traded as low as $163.22. Hoya shares last traded at $165.3350, with a volume of 27,343 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Hoya from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Hoya Stock Down 1.3%

The firm has a 50-day moving average of $155.28 and a 200 day moving average of $166.07. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 3.43 and a beta of 0.97. The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings data on Friday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. On average, sell-side analysts anticipate that Hoya Corp. will post 5.27 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. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.