Hoya (OTCMKTS:HOCPY) Sees Strong Trading Volume – Time to Buy?

Hoya Corp. (OTCMKTS:HOCPY) shares saw unusually-strong trading volume on Friday . Approximately 44,023 shares traded hands during mid-day trading, an increase of 58% from the previous session’s volume of 27,792 shares.The stock last traded at $172.56 and had previously closed at $175.9570.

Hoya Stock Performance

The firm has a market capitalization of $59.47 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 3.60 and a beta of 1.00. The firm has a 50 day moving average price of $157.86 and a 200-day moving average price of $147.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.32.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, January 30th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.68. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hoya had a return on equity of 24.96% and a net margin of 27.22%. As a group, sell-side analysts expect that Hoya Corp. will post 3.66 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.