Ricoh (OTCMKTS:RICOY) Shares Gap Down – Here’s Why

Ricoh Co. (OTCMKTS:RICOY) shares gapped down prior to trading on Monday. The stock had previously closed at $11.35, but opened at $10.75. Ricoh shares last traded at $10.75, with a volume of 214 shares changing hands.

Ricoh Stock Performance

The company has a market cap of $6.04 billion, a PE ratio of 11.28 and a beta of 0.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.52. The stock’s 50-day simple moving average is $10.36 and its 200 day simple moving average is $9.50.

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

Ricoh Company Profile

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, document management and commercial printing solutions. Its offerings include multifunction printers, office copiers, printers, scanners, related software and workflow systems, as well as managed print and IT services designed to help organizations digitize and automate business processes.

The company also serves the production printing and graphic communications markets, providing high-volume digital printing equipment, software and support services.