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Ricoh (OTCMKTS:RICOY) Shares Cross Below 50-Day Moving Average - Here's Why

Ricoh logo with Computer and Technology background

Ricoh Company, Ltd. (OTCMKTS:RICOY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.23 and traded as low as $8.95. Ricoh shares last traded at $8.95, with a volume of 361 shares trading hands.

Ricoh Stock Performance

The company has a market capitalization of $5.10 billion, a PE ratio of 21.83 and a beta of 0.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 1.37. The stock's fifty day simple moving average is $10.23 and its 200-day simple moving average is $10.61.

Ricoh (OTCMKTS:RICOY - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $702.32 billion. Ricoh had a net margin of 1.54% and a return on equity of 3.51%. As a group, equities analysts predict that Ricoh Company, Ltd. will post 0.53 earnings per share for the current year.

Ricoh Company Profile

(Get Free Report)

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.

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