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Ricoh (OTCMKTS:RICOY) Shares Pass Below 50 Day Moving Average - Here's What Happened

Ricoh logo with Computer and Technology background

Key Points

  • Ricoh Co.'s stock has fallen below its 50-day moving average of $9.04, trading at $8.75, indicating potential selling pressure.
  • The company reported a net margin of 1.74% and earnings per share of $0.12 for the last quarter, matching analyst expectations.
  • With a market capitalization of $4.99 billion, Ricoh holds a P/E ratio of 17.50 and a debt-to-equity ratio of 0.28, reflecting a generally stable financial position.
  • MarketBeat previews the top five stocks to own by October 1st.

Ricoh Co. (OTCMKTS:RICOY - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.04 and traded as low as $8.75. Ricoh shares last traded at $8.75, with a volume of 804 shares.

Ricoh Trading Down 1.8%

The business's 50 day moving average price is $9.03 and its 200-day moving average price is $9.68. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.28. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 17.40 and a beta of 0.43.

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

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