Hoya (OTCMKTS:HOCPY) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research cut shares of Hoya (OTCMKTS:HOCPY) from a hold rating to a sell rating in a research note published on Tuesday morning, 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, Jefferies Financial Group restated a buy rating and set a GBX 275 ($3.59) price objective on shares of in a research report on Wednesday, June 19th.

Shares of Hoya stock opened at $75.15 on Tuesday. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.44 and a beta of 0.66. The firm’s 50-day moving average price is $72.99. Hoya has a twelve month low of $51.60 and a twelve month high of $76.60.

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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