Hoya (OTCMKTS:HOCPY) Shares Gap Up - Here's Why

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $113.19, but opened at $117.54. Hoya shares last traded at $117.54, with a volume of 783 shares.

Analyst Upgrades and Downgrades

Separately, Erste Group Bank upgraded shares of Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd.

Check Out Our Latest Analysis on Hoya

Hoya Stock Performance

The company has a market cap of $39.36 billion, a PE ratio of 30.11, a PEG ratio of 2.33 and a beta of 0.91. The business's 50-day moving average is $118.53 and its 200 day moving average is $121.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.21 and a current ratio of 4.90.

Hoya (OTCMKTS:HOCPY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hoya had a return on equity of 20.43% and a net margin of 23.22%. On average, equities research analysts predict that Hoya Corp. will post 3.66 EPS for the current fiscal year.

Hoya Company Profile

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.

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