Konica Minolta (OTCMKTS:KNCAY) Trading Down 3.4% – Time to Sell?

Konica Minolta, Inc. (OTCMKTS:KNCAY) dropped 3.4% on Wednesday . The stock traded as low as $8.01 and last traded at $8.01. Approximately 1,377 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 738 shares. The stock had previously closed at $8.29.

Konica Minolta Price Performance

The company has a market cap of $1.98 billion, a PE ratio of -200.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.06. The company has a 50-day moving average price of $8.64 and a two-hundred day moving average price of $7.10.

Konica Minolta (OTCMKTS:KNCAY) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. Konica Minolta had a negative return on equity of 0.29% and a negative net margin of 0.13%. Sell-side analysts expect that Konica Minolta, Inc. will post 0.05 earnings per share for the current fiscal 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.