Konica Minolta (OTCMKTS:KNCAY) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Konica Minolta, Inc. (OTCMKTS:KNCAY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.98 and traded as low as $6.46. Konica Minolta shares last traded at $6.46, with a volume of 125 shares changing hands.

Konica Minolta Stock Performance

The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $7.93 and its 200-day simple moving average is $7.39. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -53.83 and a beta of 0.76.

Konica Minolta (OTCMKTS:KNCAY) last released its earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter. Konica Minolta had a negative net margin of 0.40% and a negative return on equity of 0.84%. Analysts forecast that Konica Minolta, Inc. will post 0.05 earnings per share for the current fiscal year.

Konica Minolta Company Profile

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.