Konica Minolta (OTCMKTS:KNCAY) Shares Gap Down - Time to Sell?

Key Points

• Konica Minolta's shares fell significantly from a closing price of $7.38 to an opening price of $6.47, indicating a potential concern for investors regarding the stock's performance.
• The company reported quarterly earnings of $0.12 per share, exceeding the consensus estimate of $0.08, but its revenue of $1.74 billion fell far short of expectations of $253.67 billion.
• Konica Minolta has a current market cap of $1.60 billion with a negative P/E ratio of -53.92, suggesting financial challenges in profitability.

Konica Minolta Inc. (OTCMKTS:KNCAY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.38, but opened at $6.47. Konica Minolta shares last traded at $6.47, with a volume of 100 shares traded.

Konica Minolta Price Performance

The firm's 50-day moving average is $6.68 and its two-hundred day moving average is $6.36. The company has a market cap of $1.60 billion, a P/E ratio of -53.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.64 and a quick ratio of 1.10.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $253.67 billion. Analysts anticipate that Konica Minolta Inc. will post 0.05 earnings per share for the current year.

About Konica Minolta

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally. It develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.

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