Hoya (HOCPY) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Hoya (OTCMKTS:HOCPY) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Separately, Zacks Investment Research cut shares of Hoya from a buy rating to a hold rating in a report on Monday, August 27th.

OTCMKTS:HOCPY traded down $0.57 during trading hours on Thursday, reaching $58.80. 10,627 shares of the company’s stock were exchanged, compared to its average volume of 53,586. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.94 and a beta of 0.84. Hoya has a 12 month low of $46.18 and a 12 month high of $62.00.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, August 3rd. The technology company reported $0.69 earnings per share for the quarter. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Hoya had a net margin of 18.71% and a return on equity of 18.87%. As a group, research analysts predict that Hoya will post 2.76 earnings per share for the current fiscal year.

Hoya Company Profile

HOYA Corporation engages in the life care and information technology businesses. The company 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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