Hoya (OTCMKTS:HOCPY) Shares Gap Down – Here’s What Happened

Hoya Corp. (OTCMKTS:HOCPY) shares gapped down prior to trading on Friday . The stock had previously closed at $187.78, but opened at $175.86. Hoya shares last traded at $179.98, with a volume of 3,800 shares traded.

Hoya Stock Down 4.1%

The firm has a market cap of $60.97 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 3.69 and a beta of 1.00. The business’s 50-day moving average is $166.84 and its 200-day moving average is $153.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.27 and a current ratio of 4.96.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings data 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. Hoya had a net margin of 27.22% and a return on equity of 24.88%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. On average, equities analysts predict that Hoya Corp. will post 3.66 EPS for the current 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.