Konica Minolta (OTCMKTS:KNCAY) Stock Price Up 9.7% - Here's What Happened

Key Points

• Konica Minolta's stock price surged 9.7%, rising to $7.15 amidst a significant increase in trading volume, with approximately 627 shares traded compared to the average of 10 shares.
• The company reported $0.12 EPS for the last quarter, exceeding expectations of $0.08, although its negative return on equity was -0.84% and the net margin was -0.40%.
• With a market cap of $1.77 billion, Konica Minolta operates in digital workplace solutions, healthcare, and professional printing across several regions including Japan, China, the U.S., and Europe.

Konica Minolta Inc. (OTCMKTS:KNCAY - Get Free Report) shares rose 9.7% on Monday . The stock traded as high as $7.15 and last traded at $7.15. Approximately 627 shares changed hands during mid-day trading, an increase of 6,500% from the average daily volume of 10 shares. The stock had previously closed at $6.52.

Konica Minolta Stock Performance

The firm has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $6.30. The company has a current ratio of 1.63, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -59.58 and a beta of 0.84.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $253.67 billion. Konica Minolta had a negative return on equity of 0.84% and a negative net margin of 0.40%. As a group, sell-side analysts expect 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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