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

Ricoh Company, Ltd. (OTCMKTS:RICOYGet 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:RICOYGet 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

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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.

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