Konica Minolta (OTCMKTS:KNCAY) Reaches New 52-Week High – Time to Buy?

Shares of Konica Minolta Inc. (OTCMKTS:KNCAYGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $8.92 and last traded at $8.92, with a volume of 130 shares traded. The stock had previously closed at $8.9144.

Konica Minolta Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.13. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -37.17 and a beta of 0.65. The business’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $6.85.

About Konica Minolta

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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.

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