Ricoh (OTCMKTS:RICOY) Shares Gap Up – Here’s What Happened

Ricoh Co. (OTCMKTS:RICOY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.41, but opened at $10.49. Ricoh shares last traded at $10.49, with a volume of 323 shares traded.

Ricoh Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.12. The stock has a 50 day moving average price of $9.31 and a two-hundred day moving average price of $9.10. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 11.16 and a beta of 0.39.

Ricoh (OTCMKTS:RICOY) last posted its earnings results on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.30. Ricoh had a return on equity of 6.98% and a net margin of 3.10%.The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.79 billion.

About Ricoh

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.