Ricoh (OTCMKTS:RICOY) Downgraded to Sell at Zacks Investment Research

Ricoh (OTCMKTS:RICOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Ricoh Company, Ltd. manufactures and markets office automation equipment. The Company’s business segments are Imaging and Solutions, Industrial Products and Other. Ricoh’s products include copiers, facsimiles, image scanners, printers (MFPs, laser printers and GELJET printers), digital and advanced electronic devices, such as semiconductor devices. The company also provides digital cameras, industrial, medical, and office equipment leasing services, support loans to small businesses and independent medical doctors, and logistics services in the delivery, distribution, and storage of products, such as electronic products, office equipment, and electronic and machinery parts. Ricoh Company, Ltd. is headquartered in Tokyo, Japan. “

Separately, Goldman Sachs Group downgraded shares of Ricoh from a “neutral” rating to a “sell” rating in a research note on Friday, September 20th.

OTCMKTS:RICOY traded down $0.13 during trading hours on Wednesday, hitting $10.38. 344 shares of the company were exchanged, compared to its average volume of 246. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 5.97 and a beta of 0.49. Ricoh has a one year low of $8.37 and a one year high of $10.68. The company has a fifty day simple moving average of $9.63 and a 200 day simple moving average of $9.44. The company has a current ratio of 1.59, a quick ratio of 1.35 and a debt-to-equity ratio of 0.77.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Ricoh had a return on equity of 4.20% and a net margin of 2.11%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Equities research analysts predict that Ricoh will post 0.84 earnings per share for the current fiscal year.

Ricoh Company Profile

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software.

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