Konica Minolta (OTCMKTS:KNCAY) Shares Gap Up – Should You Buy?

Konica Minolta Inc. (OTCMKTS:KNCAY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $8.19, but opened at $8.55. Konica Minolta shares last traded at $8.55, with a volume of 151 shares trading hands.

Konica Minolta Stock Performance

The stock has a market cap of $2.11 billion, a P/E ratio of 30.54 and a beta of 0.66. The company has a fifty day moving average of $7.89 and a 200 day moving average of $7.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.81 and a quick ratio of 1.22.

Konica Minolta (OTCMKTS:KNCAY) last released its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $1.62 billion during the quarter. On average, equities analysts predict that Konica Minolta Inc. will post 0.71 earnings per share 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.