Ricoh (OTCMKTS:RICOY) Shares Up 12% – Time to Buy?

Ricoh Co. (OTCMKTS:RICOY) shares rose 12% on Thursday . The company traded as high as $10.70 and last traded at $10.70. 402 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 756 shares. The stock had previously closed at $9.55.

Ricoh Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.10 billion, a P/E ratio of 11.38 and a beta of 0.39. The stock has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $9.10.

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

Ricoh Company Profile

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.