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

Shares of Ricoh Co. (OTCMKTS:RICOY) crossed 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.

Ricoh Price Performance

The firm 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. The stock has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $8.98.

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

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.