Konica Minolta (OTCMKTS:KNCAY) Downgraded by Zacks Investment Research to “Hold”

Konica Minolta (OTCMKTS:KNCAYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Konica Minolta Holdings, Inc. is engaged in the manufacture and sale of imaging products including printers, lenses, and display materials. Its technologies business is in charge of the global deployment of office equipment, centering on multi-functional peripherals (MFPs), laser printers and digital printing systems. Its optics business offers high-value-added plastic and glass molded lenses, glass substrates for hard disk drives and display materials. Its healthcare business offers digital imaging technology. Its Sensing business provides customers with the products they need for precise measurements. Industrial Inkjet business offers high-performance printheads, multi-function inks, print units for label printing, and textile printing systems. Its Planetarium business is a comprehensive manufacturer of planetariums, from development and production of planetariums and projectors to show production and theater management. Konica Minolta Holdings, Inc. is headquartered in Tokyo, Japan. “

Konica Minolta stock traded up $0.23 during mid-day trading on Wednesday, hitting $7.84. 605 shares of the company’s stock traded hands, compared to its average volume of 2,560. The firm has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.89. The company has a market cap of $1.97 billion, a PE ratio of 65.34 and a beta of 0.97. Konica Minolta has a one year low of $7.61 and a one year high of $11.81.

Konica Minolta Company Profile (Get Rating)

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, the United States, Europe, China, other Asian countries, and internationally. The company develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as IT and printing solutions and services.

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