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

Konica Minolta Inc. (OTCMKTS:KNCAY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $8.20, but opened at $6.91. Konica Minolta shares last traded at $6.91, with a volume of 300 shares.

Konica Minolta Price Performance

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 company has a 50-day moving average price of $8.21 and a 200-day moving average price of $7.56. The firm has a market capitalization of $1.71 billion, a PE ratio of 24.68 and a beta of 0.72.

Konica Minolta Company Profile

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Konica Minolta, Inc is a Japan-based technology company that provides business, industrial, and healthcare solutions. Its offerings include multifunctional office printers, document management and workflow software, managed print services, and related digital workplace solutions designed to help organizations manage information and improve operational efficiency.

The company also serves the commercial and industrial printing markets with production and labeling presses, industrial inkjet systems, and software.

Further Reading

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