Konica Minolta (OTCMKTS:KNCAY) Shares Gap Down – Here’s Why

Shares of Konica Minolta Inc. (OTCMKTS:KNCAYGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $7.75, but opened at $7.22. Konica Minolta shares last traded at $7.22, with a volume of 270 shares.

Konica Minolta Price Performance

The business’s 50 day moving average price is $6.73 and its 200 day moving average price is $7.65. The stock has a market capitalization of $1.78 billion, a P/E ratio of -144.40 and a beta of 0.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.73 and a quick ratio of 1.14.

About Konica Minolta

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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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