Ricoh (OTCMKTS:RICOY) Sees Unusually-High Trading Volume – Here’s What Happened

Ricoh Co. (OTCMKTS:RICOY) saw strong trading volume on Tuesday . 9,535 shares changed hands during trading, an increase of 3,199% from the previous session’s volume of 289 shares.The stock last traded at $9.00 and had previously closed at $10.72.

Ricoh Price Performance

The business’s 50 day moving average is $9.32 and its two-hundred day moving average is $9.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.44. The firm has a market capitalization of $5.13 billion, a PE ratio of 12.00 and a beta of 0.40.

Ricoh (OTCMKTS:RICOY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.13 billion. Ricoh had a return on equity of 5.92% and a net margin of 2.50%. Equities research analysts anticipate that Ricoh Co. will post 0.53 earnings per share for the current fiscal year.

About Ricoh

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.