Zacks Investment Research cut shares of KONICA MINOLTA/ADR (OTCMKTS:KNCAY) from a hold rating to a strong sell rating in a research note issued to investors on Thursday, 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. “
Shares of KNCAY stock opened at $13.25 on Thursday. The firm’s 50-day moving average is $13.14 and its 200-day moving average is $14.73. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 23.25 and a beta of 0.98. KONICA MINOLTA/ADR has a 52-week low of $12.73 and a 52-week high of $20.31.
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 color-proofing systems, computer to plate, prepress production systems, digital monochrome printing systems, inkjet printheads, inkjet textile printers, and inkjet inks, as well as print and cloud services.
Recommended Story: What is the market perform rating?
Get a free copy of the Zacks research report on KONICA MINOLTA/ADR (KNCAY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KONICA MINOLTA/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KONICA MINOLTA/ADR and related companies with MarketBeat.com's FREE daily email newsletter.