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

Ricoh Co. (OTCMKTS:RICOY) gapped down prior to trading on Monday . The stock had previously closed at $9.4850, but opened at $8.76. Ricoh shares last traded at $8.76, with a volume of 724 shares changing hands.

Ricoh Stock Down 2.7%

The firm has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $9.03. The company has a market capitalization of $4.99 billion, a PE ratio of 13.48 and a beta of 0.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.49 and a quick ratio of 1.12.

Ricoh (OTCMKTS:RICOY) last issued its earnings results on Tuesday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). Ricoh had a return on equity of 4.87% and a net margin of 2.13%.The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.47 billion.

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.