Konica Minolta (OTCMKTS:KNCAY) Shares Gap Down – Time to Sell?

Konica Minolta Inc. (OTCMKTS:KNCAY) shares gapped down before the market opened on Friday. The stock had previously closed at $8.55, but opened at $8.21. Konica Minolta shares last traded at $8.21, with a volume of 242 shares traded.

Konica Minolta Stock Performance

The firm’s 50 day moving average is $7.97 and its two-hundred day moving average is $7.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.22 and a current ratio of 1.81. The stock has a market capitalization of $2.03 billion, a PE ratio of 29.32 and a beta of 0.66.

Konica Minolta (OTCMKTS:KNCAY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $1.62 billion during the quarter. As a group, research analysts predict that Konica Minolta Inc. will post 0.71 earnings per share for the current year.

Konica Minolta Company Profile

Konica Minolta, Inc is a Japanese technology company that develops and provides business equipment, digital solutions, healthcare systems, and advanced imaging and sensing products. Its offerings include multifunction printers, office document-management systems, production and industrial printing equipment, workflow software, and information technology services designed to help organizations manage and digitize business processes.

The company also supplies medical imaging systems, including digital radiography and related healthcare solutions, as well as optical components, measurement instruments, and other specialized products used in industrial and commercial applications.