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

Konica Minolta Inc. (OTCMKTS:KNCAY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.35, but opened at $8.40. Konica Minolta shares last traded at $8.40, with a volume of 100 shares changing hands.

Konica Minolta Stock Performance

The company has a market cap of $2.08 billion, a price-to-earnings ratio of -168.00 and a beta of 0.62. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $7.48 and its 200 day moving average price is $7.19.

Konica Minolta (OTCMKTS:KNCAY) last released its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $1.62 billion during the quarter. On average, analysts expect that Konica Minolta Inc. will post 0.74 EPS for the current fiscal year.

Konica Minolta Company Profile

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.