Ricoh (OTCMKTS:RICOY) Hits New 12-Month High – Time to Buy?

Ricoh Co. (OTCMKTS:RICOY)’s stock price reached a new 52-week high during mid-day trading on Friday. The company traded as high as $11.35 and last traded at $11.35, with a volume of 811 shares trading hands. The stock had previously closed at $10.8450.

Ricoh Price Performance

The company has a market cap of $6.47 billion, a price-to-earnings ratio of 12.07 and a beta of 0.41. The company’s 50 day moving average price is $10.27 and its 200 day moving average price is $9.44. The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.30. Ricoh had a net margin of 3.10% and a return on equity of 6.99%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.79 billion.

About Ricoh

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, imaging and document-management solutions to businesses and other organizations. Its offerings include multifunction printers, office printers, scanners, related software and workflow-management tools designed to help customers manage, share and secure information.

The company also provides information technology and digital services, including cloud solutions, managed services, communications support, cybersecurity and workplace automation.