HOYA (OTCMKTS:HOCPY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

HOYA Co. (OTCMKTS:HOCPY)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $122.41 and traded as low as $110.90. HOYA shares last traded at $114.54, with a volume of 19,826 shares traded.

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank raised shares of HOYA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 23rd.

HOYA Stock Up 0.1%

The stock’s 50-day moving average price is $116.05 and its two-hundred day moving average price is $122.41. The stock has a market capitalization of $39.30 billion, a PE ratio of 29.15, a P/E/G ratio of 2.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.35 and a current ratio of 5.04.

HOYA (OTCMKTS:HOCPY) last released its earnings results on Thursday, May 1st. The technology company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. HOYA had a return on equity of 21.34% and a net margin of 24.17%. As a group, analysts expect that HOYA Co. will post 3.66 EPS for the current fiscal year.

About HOYA

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