Konica Minolta (OTCMKTS:KNCAY) Shares Gap Up – Here’s What Happened

Shares of Konica Minolta Inc. (OTCMKTS:KNCAY) gapped up before the market opened on Monday . The stock had previously closed at $6.03, but opened at $7.00. Konica Minolta shares last traded at $7.00, with a volume of 100 shares trading hands.

Konica Minolta Price Performance

The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -140.00 and a beta of 0.62. 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 business has a 50 day simple moving average of $6.97 and a 200-day simple moving average of $7.70.

Konica Minolta (OTCMKTS:KNCAY) last released its quarterly 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 for the quarter. Equities research analysts expect that Konica Minolta Inc. will post 0.89 earnings per share for the current 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.