Ricoh (OTCMKTS:RICOY) Stock Price Up 12% – Time to Buy?

Ricoh Co. (OTCMKTS:RICOY) shares rose 12% during trading on Thursday . The stock traded as high as $10.70 and last traded at $10.70. Approximately 402 shares traded hands during trading, a decline of 47% from the average daily volume of 756 shares. The stock had previously closed at $9.55.

Ricoh Price Performance

The company has a 50-day moving average price of $9.34 and a 200-day moving average price of $9.10. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 11.38 and a beta of 0.39. 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 earnings results on Thursday, August 6th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.30. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.79 billion. Ricoh had a return on equity of 6.98% and a net margin of 3.10%.

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.