Ricoh (OTCMKTS:RICOY) Sets New 52-Week High – Time to Buy?

Ricoh Co. (OTCMKTS:RICOY) shares hit a new 52-week high on Thursday. The stock traded as high as $11.63 and last traded at $11.63, with a volume of 2,184 shares changing hands. The stock had previously closed at $10.60.

Ricoh Stock Up 9.7%

The stock has a 50-day moving average of $10.40 and a 200-day moving average of $9.52. The company has a market cap of $6.63 billion, a PE ratio of 12.37 and a beta of 0.41. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.24.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings results 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. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.79 billion. Ricoh had a return on equity of 6.99% and a net margin of 3.10%.

About Ricoh

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.