Ricoh (OTCMKTS:RICOY) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Ricoh Co. (OTCMKTS:RICOY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.88 and traded as high as $8.9154. Ricoh shares last traded at $8.9154, with a volume of 146 shares changing hands.

Ricoh Price Performance

The firm has a 50-day moving average of $8.88 and a 200-day moving average of $8.92. 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 $5.08 billion, a P/E ratio of 13.51 and a beta of 0.36.

Ricoh (OTCMKTS:RICOY) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Ricoh had a return on equity of 5.29% and a net margin of 2.28%.The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.30 billion. As a group, analysts predict that Ricoh Co. will post 0.53 EPS for the current year.

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.