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

Shares of Konica Minolta Inc. (OTCMKTS:KNCAY) 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 traded.

Konica Minolta Price Performance

The firm has a fifty day moving average of $7.86 and a two-hundred day moving average of $7.25. The stock has a market capitalization of $2.11 billion, a P/E ratio of 30.54 and a beta of 0.62. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported $0.13 EPS for the quarter. The business had revenue of $1.62 billion during the quarter. On average, analysts predict that Konica Minolta Inc. will post 0.71 EPS for the current year.

About Konica Minolta

Konica Minolta, Inc is a Japanese technology company that provides imaging, printing, digital workplace and industrial solutions to businesses and other organizations worldwide. Its offerings include multifunctional office systems, production and commercial printing equipment, document-management software, workflow services and related IT solutions.

The company also develops healthcare products, including diagnostic imaging systems and solutions used by medical institutions, as well as industrial and measurement equipment.