Ricoh (OTCMKTS:RICOY) Shares Gap Down – Should You Sell?

Ricoh Co. (OTCMKTS:RICOY) shares gapped down before the market opened on Monday. The stock had previously closed at $11.76, but opened at $10.90. Ricoh shares last traded at $10.90, with a volume of 125 shares trading hands.

Ricoh Stock Down 9.4%

The business has a 50 day simple moving average of $10.90 and a 200 day simple moving average of $9.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.12. The stock has a market cap of $6.07 billion, a PE ratio of 10.98 and a beta of 0.48.

Ricoh (OTCMKTS:RICOY) last issued its earnings results on Friday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.09. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.14 billion. Ricoh had a return on equity of 7.15% and a net margin of 3.23%.

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.

Founded in Japan in 1936, Ricoh has grown into an international business serving customers across the Americas, Europe, Asia, and other regions.