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

Ricoh Co. (OTCMKTS:RICOY)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $10.60, but opened at $11.5950. Ricoh shares last traded at $11.5950, with a volume of 184 shares.

Ricoh Price Performance

The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 12.34 and a beta of 0.41. The business has a 50-day moving average price of $10.36 and a 200 day moving average price of $9.50.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share 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 firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.79 billion.

Ricoh Company Profile

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.