Konica Minolta (OTCMKTS:KNCAY) Stock Price Up 21.8% – Still a Buy?

Konica Minolta Inc. (OTCMKTS:KNCAY)’s share price rose 21.8% during mid-day trading on Monday . The company traded as high as $7.51 and last traded at $7.51. Approximately 1,000 shares traded hands during trading, a decline of 2% from the average daily volume of 1,025 shares. The stock had previously closed at $6.1645.

Konica Minolta Stock Performance

The company has a market cap of $1.86 billion, a PE ratio of -150.20 and a beta of 0.69. The stock’s 50 day moving average is $7.19 and its 200-day moving average is $7.74. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.40.

Konica Minolta (OTCMKTS:KNCAY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $3.25 billion for the quarter. As a group, sell-side analysts anticipate that Konica Minolta Inc. will post 0.89 EPS for the current year.

About Konica Minolta

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.