Ricoh (OTCMKTS:RICOY) Shares Up 12% – Time to Buy?

Ricoh Co. (OTCMKTS:RICOY) shares were up 12% during trading on Thursday . The company traded as high as $10.70 and last traded at $10.70. Approximately 402 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 756 shares. The stock had previously closed at $9.55.

Ricoh Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6.10 billion, a P/E ratio of 11.38 and a beta of 0.39. The firm has a 50 day moving average price of $9.41 and a 200 day moving average price of $9.11.

Ricoh (OTCMKTS:RICOY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.30. Ricoh had a return on equity of 6.98% and a net margin of 3.10%.The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.79 billion.

About Ricoh

Ricoh Company, Ltd. is a Tokyo-based multinational technology firm specializing in imaging, document management, and digital services. The company’s core business revolves around the design, manufacturing and support of office equipment such as multifunction printers, copiers and production printing systems, complemented by software solutions that streamline document workflows and enhance collaboration in the workplace.

Beyond its traditional hardware offerings, Ricoh has expanded into managed IT services and digital workplace consultancy, helping organizations transition to cloud-based environments and optimize information management.