HOYA (OTCMKTS:HOCPY) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research downgraded shares of HOYA (OTCMKTS:HOCPY) from a buy rating to a strong sell rating in a research report report published on Friday morning, Zacks.com reports.

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 HOCPY stock opened at $134.65 on Friday. The stock’s fifty day moving average price is $152.92 and its two-hundred day moving average price is $152.26. The company has a market cap of $49.78 billion, a PE ratio of 34.20 and a beta of 0.37. HOYA has a fifty-two week low of $109.02 and a fifty-two week high of $179.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.20 and a current ratio of 4.81.

HOYA (OTCMKTS:HOCPY) last issued its earnings results on Thursday, October 28th. The technology company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.38 billion. HOYA had a return on equity of 22.05% and a net margin of 24.37%. On average, equities analysts predict that HOYA will post 3.83 EPS for the current fiscal year.

About HOYA

HOYA Corp. engages in the manufacture and sale of imaging products, electronics, and medical-related equipment. It operates through the following segments: Information Technology, Life Care, and Others. The Information Technology segment develops, sells and produces input and output (I/O) device related products for the information & communications sector, including imaging, modern digital information and communications technology related products.

Featured Story: Systematic Risk

Get a free copy of the Zacks research report on HOYA (HOCPY)

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

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