Posted by admin on Apr 12th, 2022
HOYA (OTCMKTS:HOCPY – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The firm currently has a $127.00 target price on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 19.85% from the company’s previous close.
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. “
HOCPY traded down $7.42 during trading on Monday, reaching $105.97. 63,711 shares of the company traded hands, compared to its average volume of 45,499. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.28 and a current ratio of 4.89. HOYA has a 12-month low of $105.14 and a 12-month high of $179.94. The firm has a fifty day simple moving average of $122.20 and a 200 day simple moving average of $139.95. The company has a market cap of $39.18 billion, a P/E ratio of 27.60, a PEG ratio of 1.33 and a beta of 0.41.
HOYA (OTCMKTS:HOCPY – Get Rating) last announced its quarterly earnings data on Tuesday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter. HOYA had a net margin of 24.20% and a return on equity of 22.00%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.37 billion. As a group, sell-side analysts expect that HOYA will post 3.93 earnings per share for the current fiscal year.
HOYA Company Profile (Get Rating)
HOYA Corporation operates as a med-tech company, and a supplier of high-tech and medical products worldwide. The company operates through three segments: Life Care, Information Technology, and Other. The Life Care segment offers healthcare products, including eyeglass and contact lenses; and medical products, such as medical endoscopes, laparoscopic surgical instruments, intraocular lenses, and prosthetic ceramic fillers and orthopedic implants.
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