Konica Minolta (OTCMKTS:KNCAY) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Konica Minolta, Inc. (OTCMKTS:KNCAY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.52 and traded as low as $7.45. Konica Minolta shares last traded at $7.86, with a volume of 1,736 shares trading hands.

Konica Minolta Stock Performance

The stock’s 50-day moving average price is $8.52 and its 200 day moving average price is $7.18. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.94 billion, a P/E ratio of -196.45 and a beta of 0.76.

Konica Minolta (OTCMKTS:KNCAY) last announced its earnings results on Tuesday, November 5th. The company reported ($0.20) EPS for the quarter. Konica Minolta had a negative return on equity of 0.29% and a negative net margin of 0.13%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. As a group, research analysts expect that Konica Minolta, Inc. will post 0.05 EPS 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.