Hoya (OTCMKTS:HOCPY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Hoya (OTCMKTS:HOCPY) from a strong-buy rating to a hold rating in a report issued on Tuesday, 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. “

Separately, ValuEngine cut Hoya from a hold rating to a sell rating in a research report on Thursday, November 21st.

OTCMKTS:HOCPY opened at $87.61 on Tuesday. The stock has a 50-day simple moving average of $95.10 and a 200-day simple moving average of $88.59. The stock has a market cap of $34.56 billion, a P/E ratio of 28.63, a P/E/G ratio of 2.87 and a beta of 0.75. Hoya has a 1 year low of $61.94 and a 1 year high of $101.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 4.03.

About Hoya

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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