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

Ricoh Co. (OTCMKTS:RICOY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $10.10, but opened at $10.56. Ricoh shares last traded at $10.70, with a volume of 1,110 shares.

Ricoh Price Performance

The company has a 50 day moving average price of $10.95 and a 200-day moving average price of $9.57. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 11.09 and a beta of 0.48.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings data on Friday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. Ricoh had a net margin of 3.23% and a return on equity of 7.15%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.20 billion.

About Ricoh

Ricoh Company, Ltd. is a Japanese technology company that provides products and services for offices, workplaces, and commercial print operations. Its offerings include multifunction printers, copiers, printers, and related document-management solutions. The company also provides IT and digital services, including systems integration, cloud and workplace solutions, and support for business process improvement. Its portfolio extends to commercial and industrial printing technologies and imaging products.