Hoya Corp. (OTCMKTS:HOCPY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Hoya Corporation is a specialty manufacturer of optical glass. The Company’s business activities include information technology, eye care, medical, and imaging systems. Its information technologies products include mask blanks and photomasks for semiconductor and LCD, glass memory disks, optical lenses, laser equipment and glass for electronic materials. Its eye care segment includes eyeglass lenses, contact lenses and intraocular lenses while the medical segment includes endoscopic imaging devices and hydroxyapatite. The Company’s imaging system offers digital cameras and CCTV lenses. It also offers system architecture, crystal products, surveying instruments. Hoya Corporation is based in Tokyo, Japan. “

Shares of Hoya Corp. (HOCPY) traded up 2.22% on Friday, hitting $56.11. 5,606 shares of the stock traded hands. The stock has a 50 day moving average of $57.07 and a 200-day moving average of $51.26. Hoya Corp. has a 1-year low of $38.41 and a 1-year high of $58.24. The stock has a market cap of $21.79 billion, a PE ratio of 25.32 and a beta of 0.92.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/15/hoya-corp-hocpy-rating-lowered-to-hold-at-zacks-investment-research.html.

Hoya Corp. Company Profile

HOYA Corporation is a diversified, multinational company and a supplier of high-tech and healthcare products. The Company’s segments include Information Technology, Life Care and Other. The Information Technology segment consists of electronics-related products and imaging-related products. The Life Care segment comprises healthcare-related products and medical-related products.

Get a free copy of the Zacks research report on Hoya Corp. (HOCPY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hoya Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoya Corp. and related companies with MarketBeat.com's FREE daily email newsletter.