Konica Minolta (OTCMKTS:KNCAY) Shares Gap Down – What’s Next?

Konica Minolta Inc. (OTCMKTS:KNCAY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $7.51, but opened at $6.03. Konica Minolta shares last traded at $6.03, with a volume of 1,763 shares changing hands.

Konica Minolta Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a 50 day moving average of $7.06 and a 200 day moving average of $7.70. The stock has a market capitalization of $1.49 billion, a P/E ratio of -120.60 and a beta of 0.69.

Konica Minolta (OTCMKTS:KNCAY) last posted its earnings results on Thursday, February 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $3.25 billion during the quarter. Equities analysts predict that Konica Minolta Inc. will post 0.89 EPS for the current year.

About Konica Minolta

Konica Minolta, Inc is a Tokyo?based multinational technology company specializing in imaging and information management solutions. The company’s core offerings include networked multifunction printers, production printing systems, document management software and IT services aimed at helping organizations streamline workflows and improve productivity. Through its Digital Workplace Business, Konica Minolta provides hardware, software and consulting services designed to optimize document-intensive processes across corporate, legal, healthcare and educational environments.

In addition to office and production print, Konica Minolta has developed a strong presence in the healthcare sector.