HOYA (OTCMKTS:HOCPY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of HOYA (OTCMKTS:HOCPY) from a buy rating to a hold rating in a research note issued to investors 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, The Goldman Sachs Group began coverage on HOYA in a report on Wednesday, August 11th. They set a buy rating for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $177.00.

OTCMKTS:HOCPY opened at $158.85 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.20 and a current ratio of 4.81. The stock’s 50-day simple moving average is $155.62 and its 200 day simple moving average is $148.21. The company has a market cap of $58.73 billion, a P/E ratio of 41.69 and a beta of 0.39. HOYA has a 52-week low of $109.02 and a 52-week high of $179.94.

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.

Further Reading: What are the economic characteristics of a bear market?

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