Konica Minolta (OTCMKTS:KNCAY) Shares Up 22% – Should You Buy?

Konica Minolta Inc. (OTCMKTS:KNCAYGet Free Report) shot up 22% on Friday . The company traded as high as $8.00 and last traded at $8.00. 100 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 886 shares. The stock had previously closed at $6.56.

Konica Minolta Stock Performance

The stock has a market cap of $1.98 billion, a P/E ratio of -160.00 and a beta of 0.64. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $6.59 and a two-hundred day moving average price of $7.65.

Konica Minolta Company Profile

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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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