Ricoh (OTCMKTS:RICOY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Ricoh Company, Ltd. (OTCMKTS:RICOY)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.20 and traded as low as $9.60. Ricoh shares last traded at $11.45, with a volume of 349 shares traded.

Ricoh Price Performance

The firm has a 50 day moving average of $10.20 and a 200-day moving average of $10.69. The company has a current ratio of 1.37, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.52 billion, a P/E ratio of 27.93 and a beta of 0.43.

Ricoh (OTCMKTS:RICOY) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Ricoh had a net margin of 1.54% and a return on equity of 3.51%. The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $702.32 billion. On average, equities research analysts predict that Ricoh Company, Ltd. will post 0.53 EPS for the current year.

About Ricoh

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.