Ricoh (OTCMKTS:RICOY) Shares Pass Above 50-Day Moving Average of $9.71

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Ricoh Co Ltd (OTCMKTS:RICOY)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.71 and traded as high as $10.06. Ricoh shares last traded at $10.06, with a volume of 292 shares traded.

Separately, Zacks Investment Research downgraded Ricoh from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 12th.

The company has a market capitalization of $7.26 billion, a P/E ratio of 16.23, a PEG ratio of 2.41 and a beta of 0.35. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 0.65.

Ricoh (OTCMKTS:RICOY) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.08). Ricoh had a return on equity of 4.94% and a net margin of 2.51%. The firm had revenue of $4.76 billion during the quarter, compared to analyst estimates of $5.26 billion. Research analysts expect that Ricoh Co Ltd will post 0.87 EPS for the current fiscal year.

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About Ricoh (OTCMKTS:RICOY)

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software.

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