Ricoh (OTCMKTS:RICOY) Shares Gap Up – Here’s What Happened

Ricoh Co. (OTCMKTS:RICOY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $10.52, but opened at $10.94. Ricoh shares last traded at $10.94, with a volume of 292 shares trading hands.

Ricoh Trading Down 1.1%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.12. The stock has a 50 day moving average of $10.06 and a 200 day moving average of $9.33. The firm has a market cap of $6.23 billion, a P/E ratio of 11.64 and a beta of 0.41.

Ricoh (OTCMKTS:RICOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.30. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Ricoh had a return on equity of 6.99% and a net margin of 3.10%.

About Ricoh

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, imaging and document-management solutions to businesses and other organizations. Its offerings include multifunction printers, office printers, scanners, related software and workflow-management tools designed to help customers manage, share and secure information.

The company also provides information technology and digital services, including cloud solutions, managed services, communications support, cybersecurity and workplace automation.