Ricoh (OTCMKTS:RICOY) Shares Pass Above Fifty Day Moving Average – Here’s Why

Ricoh Co. (OTCMKTS:RICOY) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.90 and traded as high as $9.64. Ricoh shares last traded at $9.64, with a volume of 194 shares changing hands.

Ricoh Trading Up 2.3%

The stock has a 50-day moving average of $8.90 and a 200 day moving average of $8.98. The stock has a market cap of $5.49 billion, a PE ratio of 14.83 and a beta of 0.37. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.25.

Ricoh (OTCMKTS:RICOY) last issued its earnings results on Tuesday, May 12th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Ricoh had a net margin of 2.13% and a return on equity of 4.87%.

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.