Ricoh (OTCMKTS:RICOY) Reaches New 52-Week High – What’s Next?

Ricoh Co. (OTCMKTS:RICOY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.9632 and last traded at $10.9632, with a volume of 157 shares. The stock had previously closed at $10.49.

Ricoh Stock Performance

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 stock has a fifty day moving average price of $9.65 and a two-hundred day moving average price of $9.14. The company has a market cap of $6.25 billion, a P/E ratio of 11.66 and a beta of 0.39.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.41 EPS for the quarter, beating 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 analyst estimates of $3.79 billion.

About Ricoh

Ricoh Company, Ltd. is a Japan-based technology company that provides workplace, printing, imaging and digital services. Its offerings include multifunction printers, copiers, production printers, document-management software, workflow solutions and related supplies and support services.

The company also provides information-technology and digital-transformation services designed to help organizations manage documents, automate business processes and operate hybrid workplaces. Ricoh serves commercial, public-sector and industrial customers through additional businesses that include commercial and industrial printing, industrial systems, visual communications and certain specialized imaging technologies.

Founded in 1936 as Riken Kankoshi Co, Ltd., Ricoh has expanded from its original focus on photographic and office-imaging products into a global technology and services provider.