Konica Minolta (OTCMKTS:KNCAY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Konica Minolta, Inc. (OTCMKTS:KNCAY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Price Performance

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

Konica Minolta (OTCMKTS:KNCAY) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.20) EPS for the quarter. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.93 billion. Konica Minolta had a negative net margin of 0.13% and a negative return on equity of 0.29%. As a group, equities 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.