Hoya (OTCMKTS:HOCPY) Shares Gap Up – Here’s Why

Hoya Corp. (OTCMKTS:HOCPY) gapped up before the market opened on Friday . The stock had previously closed at $176.50, but opened at $182.85. Hoya shares last traded at $176.33, with a volume of 3,273 shares traded.

Hoya Price Performance

The firm has a market cap of $59.57 billion, a P/E ratio of 36.00, a PEG ratio of 2.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.27. The stock’s 50-day simple moving average is $169.39 and its two-hundred day simple moving average is $155.08.

Hoya (OTCMKTS:HOCPY) last released its earnings results on Friday, January 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.68. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.53 billion. Hoya had a net margin of 27.22% and a return on equity of 24.88%. Equities research analysts forecast 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.