Konica Minolta (OTCMKTS:KNCAY) Shares Gap Up – Time to Buy?

Konica Minolta Inc. (OTCMKTS:KNCAY)’s share price gapped up before the market opened 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 trading hands.

Konica Minolta Trading Up 4.4%

The stock has a 50-day moving average of $7.86 and a 200 day moving average of $7.25. 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 stock has a market cap of $2.11 billion, a PE ratio of 30.54 and a beta of 0.62.

Konica Minolta (OTCMKTS:KNCAY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.13 EPS for the quarter. The business had revenue of $1.62 billion for the quarter. As a group, sell-side analysts anticipate that Konica Minolta Inc. will post 0.71 earnings per share for the current year.

Konica Minolta Company Profile

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.