Ricoh (OTCMKTS:RICOY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Ricoh (OTCMKTS:RICOY) from a sell rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Ricoh Company, Ltd. manufactures and markets office automation equipment. The Company’s business segments are Imaging and Solutions, Industrial Products and Other. Ricoh’s products include copiers, facsimiles, image scanners, printers (MFPs, laser printers and GELJET printers), digital and advanced electronic devices, such as semiconductor devices. The company also provides digital cameras, industrial, medical, and office equipment leasing services, support loans to small businesses and independent medical doctors, and logistics services in the delivery, distribution, and storage of products, such as electronic products, office equipment, and electronic and machinery parts. Ricoh Company, Ltd. is headquartered in Tokyo, Japan. “

Separately, JPMorgan Chase & Co. raised shares of Ricoh from an underweight rating to a neutral rating in a research note on Thursday.

Shares of OTCMKTS:RICOY traded up $0.05 during midday trading on Thursday, hitting $11.63. The stock had a trading volume of 308 shares, compared to its average volume of 368. Ricoh has a 12 month low of $8.37 and a 12 month high of $11.63. The company has a quick ratio of 1.35, a current ratio of 1.59 and a debt-to-equity ratio of 0.77. The business’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $9.72. The company has a market cap of $8.43 billion, a P/E ratio of 21.15, a PEG ratio of 6.63 and a beta of 0.50.

Ricoh (OTCMKTS:RICOY) last released its earnings results on Friday, November 1st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Ricoh had a net margin of 2.11% and a return on equity of 4.20%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.58 billion. As a group, equities analysts predict that Ricoh will post 0.83 earnings per share for the current year.

Ricoh Company Profile

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software.

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