Ricoh (OTCMKTS:RICOY) Sees Strong Trading Volume – What’s Next?

Ricoh Co. (OTCMKTS:RICOY) shares saw an uptick in trading volume on Wednesday. 5,274 shares were traded during mid-day trading, an increase of 492% from the average daily volume of 891 shares. The stock last traded at $10.79 and had previously closed at $10.6550.

Ricoh Price Performance

The stock has a 50 day moving average price of $10.94 and a two-hundred day moving average price of $9.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 1.52. The company has a market capitalization of $5.95 billion, a PE ratio of 10.77 and a beta of 0.48.

Ricoh (OTCMKTS:RICOY) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. Ricoh had a return on equity of 7.15% and a net margin of 3.23%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.20 billion.

About Ricoh

Ricoh Company, Ltd. is a Japanese technology company that provides products and services for offices, workplaces, and commercial print operations. Its offerings include multifunction printers, copiers, printers, and related document-management solutions. The company also provides IT and digital services, including systems integration, cloud and workplace solutions, and support for business process improvement. Its portfolio extends to commercial and industrial printing technologies and imaging products.