Short Interest in Ricoh Company, Ltd. (OTCMKTS:RICOY) Declines By 98.6%

Ricoh Company, Ltd. (OTCMKTS:RICOY) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a decrease of 98.6% from the February 29th total of 42,800 shares. Based on an average trading volume of 500 shares, the short-interest ratio is currently 1.2 days.

Ricoh Stock Down 3.3 %

OTCMKTS:RICOY traded down $0.30 during trading hours on Thursday, hitting $8.70. The company’s stock had a trading volume of 1,831 shares, compared to its average volume of 6,252. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. Ricoh has a 52-week low of $6.96 and a 52-week high of $9.20. The stock has a fifty day moving average of $8.37 and a 200-day moving average of $8.20. The stock has a market capitalization of $5.30 billion, a P/E ratio of 13.23 and a beta of 0.69.

Ricoh (OTCMKTS:RICOY) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $3.96 billion for the quarter. Ricoh had a net margin of 2.48% and a return on equity of 5.73%. On average, equities analysts forecast that Ricoh will post 0.6 earnings per share for the current year.

Ricoh Company Profile

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.