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

Ricoh Co. (OTCMKTS:RICOY – Get Free Report)’s stock price gapped up before the market opened 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 changing hands.

Ricoh Stock Up 9.4%

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 firm has a market cap of $6.61 billion, a price-to-earnings ratio of 12.34 and a beta of 0.41. The stock has a 50-day moving average of $10.36 and a 200-day moving average of $9.50.

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

Ricoh Company Profile

(Get Free Report)

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.

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