Konica Minolta (OTCMKTS:KNCAY) Reaches New 52-Week High – Still a Buy?

Konica Minolta Inc. (OTCMKTS:KNCAYGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $8.93 and last traded at $8.93, with a volume of 1203 shares. The stock had previously closed at $8.88.

Konica Minolta Stock Up 0.2%

The business has a 50-day moving average price of $8.22 and a 200 day moving average price of $7.18. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.20 billion, a P/E ratio of -37.08 and a beta of 0.58.

About Konica Minolta

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Konica Minolta, Inc is a Tokyo‐based multinational technology company specializing in imaging and information management solutions. The company’s core offerings include networked multifunction printers, production printing systems, document management software and IT services aimed at helping organizations streamline workflows and improve productivity. Through its Digital Workplace Business, Konica Minolta provides hardware, software and consulting services designed to optimize document-intensive processes across corporate, legal, healthcare and educational environments.

In addition to office and production print, Konica Minolta has developed a strong presence in the healthcare sector.

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