Ricoh (OTCMKTS:RICOY) Sees Strong Trading Volume – Still a Buy?

Ricoh Co. (OTCMKTS:RICOY) saw unusually-high trading volume on Thursday. Approximately 4,422 shares changed hands during mid-day trading, an increase of 442% from the average daily volume of 816 shares. The stock last traded at $11.95 and had previously closed at $11.33.

Ricoh Price Performance

The stock’s fifty day simple moving average is $10.83 and its 200 day simple moving average is $9.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.12. The firm has a market capitalization of $6.70 billion, a P/E ratio of 12.51 and a beta of 0.48.

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

About Ricoh

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, document management and commercial printing solutions. Its offerings include multifunction printers, office copiers, printers, scanners, related software and workflow systems, as well as managed print and IT services designed to help organizations digitize and automate business processes.

The company also serves the production printing and graphic communications markets, providing high-volume digital printing equipment, software and support services.