Ricoh (OTCMKTS:RICOY) Shares Gap Up – Here’s Why

Ricoh Co. (OTCMKTS:RICOY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $10.52, but opened at $10.94. Ricoh shares last traded at $10.94, with a volume of 292 shares changing hands.

Ricoh Stock Performance

The firm’s 50 day moving average price is $10.12 and its 200-day moving average price is $9.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.52. The firm has a market capitalization of $6.44 billion, a PE ratio of 12.02 and a beta of 0.41.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.30. Ricoh had a return on equity of 6.99% and a net margin of 3.10%.The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.79 billion.

Ricoh Company Profile

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, imaging and document-management solutions to businesses and other organizations. Its offerings include multifunction printers, office printers, scanners, related software and workflow-management tools designed to help customers manage, share and secure information.

The company also provides information technology and digital services, including cloud solutions, managed services, communications support, cybersecurity and workplace automation.