Konica Minolta (OTCMKTS:KNCAY) Shares Gap Up – Here’s What Happened

Konica Minolta Inc. (OTCMKTS:KNCAYGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $6.5350, but opened at $7.75. Konica Minolta shares last traded at $7.75, with a volume of 100 shares trading hands.

Konica Minolta Trading Up 18.1%

The firm has a 50 day simple moving average of $6.52 and a 200 day simple moving average of $7.65. 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 firm has a market capitalization of $1.91 billion, a PE ratio of -155.00 and a beta of 0.64.

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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