KONICA MINOLTA/ADR (KNCAY) Cut to Strong Sell at Zacks Investment Research

KONICA MINOLTA/ADR (OTCMKTS:KNCAY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, September 12th.

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. “

Shares of KONICA MINOLTA/ADR stock traded up $0.20 during trading on Wednesday, hitting $21.00. The stock had a trading volume of 1,031 shares, compared to its average volume of 5,659. The firm has a market capitalization of $5.23 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 6.84 and a beta of 0.82. The company has a current ratio of 2.23, a quick ratio of 1.67 and a debt-to-equity ratio of 0.48. KONICA MINOLTA/ADR has a 12 month low of $16.62 and a 12 month high of $21.32.

KONICA MINOLTA/ADR Company Profile

Konica Minolta, Inc engages in business technologies, industrial, and healthcare businesses in Japan, the United States, European countries, China, Asia, and internationally. The company develops, manufactures, and sells multi-functional peripherals, laser printers, filing devices, software and peripheral devices, digital color printing systems, digital monochrome printing systems, digital color-proofing systems, computer to plate products, prepress production systems, inkjet printheads, inkjet textile printers, and inkjet inks, as well as print and cloud services.

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