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

Ricoh logo with Computer and Technology background

Key Points

  • Ricoh Co. shares gapped up prior to trading on Wednesday, opening at $9.69 after closing at $8.64 the previous day.
  • The company reported $0.12 earnings per share for the latest quarter, meeting analysts' expectations, with revenues of $3.94 billion.
  • Ricoh has a market cap of $5.11 billion and maintains a strong balance sheet with a debt-to-equity ratio of 0.28.
  • Interested in Ricoh? Here are five stocks we like better.

Ricoh Co. (OTCMKTS:RICOY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $8.64, but opened at $9.69. Ricoh shares last traded at $9.69, with a volume of 312 shares changing hands.

Ricoh Stock Performance

The business's 50-day moving average price is $9.02 and its 200 day moving average price is $9.77. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 17.95 and a beta of 0.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.41 and a quick ratio of 1.06.

Ricoh (OTCMKTS:RICOY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Ricoh had a return on equity of 4.16% and a net margin of 1.74%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $593.33 billion. On average, equities analysts forecast that Ricoh Co. will post 0.53 earnings per share for the current fiscal 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.

Further Reading

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