Ricoh (OTCMKTS:RICOY) Shares Gap Up – Should You Buy?

Ricoh Co. (OTCMKTS:RICOY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.41, but opened at $10.49. Ricoh shares last traded at $10.49, with a volume of 323 shares trading hands.

Ricoh Stock Up 11.5%

The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 11.16 and a beta of 0.39. The business’s 50 day moving average is $9.31 and its 200-day moving average is $9.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.12 and a current ratio of 1.49.

Ricoh (OTCMKTS:RICOY) last posted its quarterly earnings data 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. Ricoh had a net margin of 3.10% and a return on equity of 6.98%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.79 billion.

Ricoh Company Profile

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.