Ricoh (OTCMKTS:RICOY) Shares Gap Down – Here’s Why

Ricoh Co. (OTCMKTS:RICOY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $9.19, but opened at $8.20. Ricoh shares last traded at $8.30, with a volume of 533 shares changing hands.

Ricoh Stock Performance

The company has a market capitalization of $4.79 billion, a PE ratio of 11.21 and a beta of 0.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.46. The company has a 50 day moving average price of $8.64 and a 200 day moving average price of $8.88.

Ricoh (OTCMKTS:RICOY) last released its earnings results on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.13 billion. Ricoh had a net margin of 2.50% and a return on equity of 5.84%. Equities analysts forecast that Ricoh Co. will post 0.69 EPS for the current year.

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.