Konica Minolta (OTCMKTS:KNCAY) Sees Strong Trading Volume – Time to Buy?

Konica Minolta Inc. (OTCMKTS:KNCAY – Get Free Report) saw unusually-strong trading volume on Wednesday. 3,658 shares were traded during trading, an increase of 414% from the average daily volume of 711 shares. The stock last traded at $8.20 and had previously closed at $8.40.

Konica Minolta Price Performance

The firm has a market cap of $2.03 billion, a PE ratio of 29.29 and a beta of 0.72. The company has a quick ratio of 1.22, a current ratio of 1.81 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $7.57.

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.

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