Ricoh (OTCMKTS:RICOY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Ricoh Co. (OTCMKTS:RICOY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.27 and traded as high as $9.55. Ricoh shares last traded at $9.55, with a volume of 122 shares changing hands.

Ricoh Price Performance

The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 10.16 and a beta of 0.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.12. The business has a fifty day moving average price of $9.27 and a 200 day moving average price of $9.08.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.30. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Ricoh had a net margin of 3.10% and a return on equity of 6.98%.

About Ricoh

Ricoh Company, Ltd. is a Tokyo-based multinational technology firm specializing in imaging, document management, and digital services. The company’s core business revolves around the design, manufacturing and support of office equipment such as multifunction printers, copiers and production printing systems, complemented by software solutions that streamline document workflows and enhance collaboration in the workplace.

Beyond its traditional hardware offerings, Ricoh has expanded into managed IT services and digital workplace consultancy, helping organizations transition to cloud-based environments and optimize information management.