Konica Minolta (OTCMKTS:KNCAY) Shares Up 14.8% – Here’s What Happened

Konica Minolta, Inc. (OTCMKTS:KNCAY) shares traded up 14.8% during mid-day trading on Tuesday . The company traded as high as $6.51 and last traded at $6.45. 11,353 shares changed hands during mid-day trading, an increase of 269% from the average session volume of 3,074 shares. The stock had previously closed at $5.62.

Konica Minolta Stock Performance

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 53.75 and a beta of 0.80. The company’s 50 day simple moving average is $5.66 and its 200 day simple moving average is $5.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.03 and a current ratio of 1.51.

Konica Minolta (OTCMKTS:KNCAY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.09) EPS for the quarter. Konica Minolta had a return on equity of 1.26% and a net margin of 0.58%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, equities research analysts anticipate that Konica Minolta, Inc. will post 0.02 earnings per share for the current 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.