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

Key Points

• Konica Minolta's stock gapped down, opening at $6.1645 after a $8.7755 close and last trading at $6.1645 on Tuesday, with just 151 shares changing hands, indicating a sharp drop on very low volume.
• The company has a $1.52 billion market cap and a negative PE of -123.29; the share price sits below both the 50‑day ($8.12) and 200‑day ($7.76) moving averages, and analysts forecast only $0.05 EPS for the current fiscal year despite a $0.10 quarterly EPS print.

Konica Minolta Inc. (OTCMKTS:KNCAY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.7755, but opened at $6.1645. Konica Minolta shares last traded at $6.1645, with a volume of 151 shares changing hands.

Konica Minolta Stock Performance

The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.52 billion, a PE ratio of -123.29 and a beta of 0.61. The business's 50-day moving average price is $8.12 and its 200-day moving average price is $7.76.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.10 EPS for the quarter. The firm had revenue of $3.25 billion for the quarter. As a group, equities research analysts expect that Konica Minolta Inc. will post 0.05 earnings per share for the current fiscal 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.

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