Konica Minolta (OTCMKTS:KNCAY) Shares Gap Down – Should You Sell?

Konica Minolta Inc. (OTCMKTS:KNCAY)’s share price 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 stock has a 50 day moving average of $7.97 and a two-hundred day moving average of $7.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.81 and a quick ratio of 1.22. 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 released its quarterly earnings data on Thursday, July 30th. The company reported $0.13 EPS for the quarter. The company had revenue of $1.62 billion for the quarter. Research analysts expect that Konica Minolta Inc. will post 0.71 EPS for the current fiscal 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.