Zacks Investment Research Lowers Hoya (HOCPY) to Hold

Zacks Investment Research cut shares of Hoya (OTCMKTS:HOCPY) from a strong-buy rating to a hold rating in a research note released on Thursday.

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. “

Separately, ValuEngine raised shares of Hoya from a hold rating to a buy rating in a report on Thursday, November 1st.

Shares of OTCMKTS:HOCPY traded down $0.12 during midday trading on Thursday, reaching $59.77. The company had a trading volume of 73,910 shares, compared to its average volume of 28,427. The company has a market capitalization of $22.84 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. Hoya has a 52-week low of $46.47 and a 52-week high of $62.00.

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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