Ricoh (OTCMKTS:RICOY) Sees Strong Trading Volume – Time to Buy?

Shares of Ricoh Co. (OTCMKTS:RICOY) saw strong trading volume on Friday. Approximately 1,103 shares changed hands during trading, an increase of 54% from the previous session’s volume of 716 shares. The stock last traded at $11.31 and had previously closed at $10.94.

Ricoh Stock Up 3.4%

The stock has a fifty day moving average of $10.12 and a 200-day moving average of $9.37. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 12.03 and a beta of 0.41. The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

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

About Ricoh

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.