Ricoh (OTCMKTS:RICOY) Shares Pass Above Fifty Day Moving Average of $7.76

Ricoh Company, Ltd. (OTCMKTS:RICOY – Get Rating)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.76 and traded as high as $8.38. Ricoh shares last traded at $8.38, with a volume of 2,064 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Ricoh from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 14th.

Ricoh Trading Down 0.8 %

The company’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $7.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 0.99. The stock has a market capitalization of $5.12 billion, a PE ratio of 12.89, a P/E/G ratio of 0.50 and a beta of 0.77.

Ricoh (OTCMKTS:RICOY – Get Rating) last posted its quarterly earnings results on Monday, May 8th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Ricoh had a return on equity of 5.85% and a net margin of 2.52%. As a group, analysts expect that Ricoh Company, Ltd. will post 0.75 earnings per share for the current year.

Ricoh Company Profile

(Get Rating)

Ricoh Co, Ltd. engages in the development, production, sale, and provision of services for imaging systems, industrial printers, and network equipment. It operates through the following segments: Office Printing, Office Services, Commercial Printing, Industrial Printing, Thermal, and Others. The Office Printing segment provides multifunction devices, printers, and copiers for offices.