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Konica Minolta (OTCMKTS:KNCAY) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Konica Minolta logo with Computer and Technology background

Konica Minolta, Inc. (OTCMKTS:KNCAY - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.24 and traded as low as $7.35. Konica Minolta shares last traded at $7.35, with a volume of 178 shares.

Konica Minolta Price Performance

The business's 50 day moving average is $8.10 and its two-hundred day moving average is $7.32. The firm has a market cap of $1.82 billion, a P/E ratio of -61.24 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.47.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter. Konica Minolta had a negative return on equity of 0.84% and a negative net margin of 0.40%. As a group, analysts anticipate that Konica Minolta, Inc. will post 0.05 earnings per share for the current year.

About Konica Minolta

(Get Free Report)

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.

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