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Ricoh (OTCMKTS:RICOY) Shares Gap Up - Here's Why

Ricoh logo with Computer and Technology background

Ricoh Co. (OTCMKTS:RICOY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $8.64, but opened at $9.76. Ricoh shares last traded at $9.76, with a volume of 164 shares traded.

Ricoh Price Performance

The company has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $10.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.41. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 21.22 and a beta of 0.37.

Ricoh (OTCMKTS:RICOY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $4.68 billion during the quarter, compared to analysts' expectations of $702.32 billion. Ricoh had a net margin of 1.68% and a return on equity of 3.91%. As a group, research analysts anticipate that Ricoh Co. will post 0.53 earnings per share for the current year.

About Ricoh

(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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