Hoya (OTCMKTS:HOCPY) Upgraded by Nomura Securities to “Strong-Buy” Rating

Nomura Securities upgraded shares of Hoya (OTCMKTS:HOCPY) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on HOCPY. Erste Group Bank upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 23rd. The Goldman Sachs Group upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Hoya Trading Down 1.4%

Shares of HOCPY stock opened at $131.3435 on Monday. The company has a quick ratio of 4.21, a current ratio of 5.19 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $123.19 and a two-hundred day moving average price of $119.71. Hoya has a 12-month low of $97.4930 and a 12-month high of $148.27. The firm has a market cap of $45.07 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.66 and a beta of 0.91.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.01. Hoya had a return on equity of 21.01% and a net margin of 23.57%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. Equities analysts anticipate that Hoya 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.