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

Ricoh Co. (OTCMKTS:RICOY)’s stock price gapped down before the market opened 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 trading hands.

Ricoh Stock Performance

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 market capitalization of $6.12 billion, a PE ratio of 11.44 and a beta of 0.41. The firm has a fifty day moving average price of $10.31 and a two-hundred day moving average price of $9.46.

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

Ricoh Company Profile

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.