Ricoh (OTCMKTS:RICOY) Shares Gap Down - Here's What Happened

Key Points

• Ricoh shares opened at $9.21 after closing at $9.72, indicating a significant gap down before Tuesday's market opened, with a volume of 410 shares traded.
• The company reported earnings per share (EPS) of $0.12, meeting analyst expectations, and had revenue of $3.94 billion for the quarter.
• Ricoh has a market cap of $5.24 billion, a price-to-earnings ratio of 18.41, and a solid financial position reflected by a debt-to-equity ratio of 0.28.

Shares of Ricoh Co. (OTCMKTS:RICOY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $9.72, but opened at $9.21. Ricoh shares last traded at $9.21, with a volume of 410 shares trading hands.

Ricoh Price Performance

The stock's fifty day moving average price is $9.01 and its 200-day moving average price is $9.57. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 18.41 and a beta of 0.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.44 and a quick ratio of 1.05.

Ricoh (OTCMKTS:RICOY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. Ricoh had a net margin of 1.74% and a return on equity of 4.11%. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $593.33 billion. Equities research analysts predict that Ricoh Co. will post 0.53 EPS for the current fiscal year.

Ricoh Company Profile

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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