HOYA (OTCMKTS:HOCPY) Stock Passes Above Fifty Day Moving Average of $100.62

HOYA Co. (OTCMKTS:HOCPYGet Rating) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $100.62 and traded as high as $109.36. HOYA shares last traded at $109.20, with a volume of 18,432 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded HOYA from a “buy” rating to a “conviction-buy” rating in a research note on Sunday, January 8th.

HOYA Trading Up 2.5 %

The firm has a market cap of $38.98 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 1.86 and a beta of 0.67. The business has a fifty day moving average of $100.62 and a two-hundred day moving average of $100.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.76 and a current ratio of 4.43.

HOYA (OTCMKTS:HOCPYGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The technology company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. HOYA had a net margin of 24.76% and a return on equity of 22.19%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. As a group, equities analysts expect that HOYA Co. will post 3.58 earnings per share for the current fiscal year.

About HOYA

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HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Information Technology, 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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