Zacks Investment Research upgraded shares of Ricoh Co Ltd (NASDAQ:RICOY) from a sell rating to a hold rating in a research note released on Thursday morning.

According to Zacks, “Ricoh Company, Ltd. manufactures and markets office automation equipment. The Company’s business segments are Imaging and Solutions, Industrial Products and Other. Ricoh’s products include copiers, facsimiles, image scanners, printers (MFPs, laser printers and GELJET printers), digital and advanced electronic devices, such as semiconductor devices. The company also provides digital cameras, industrial, medical, and office equipment leasing services, support loans to small businesses and independent medical doctors, and logistics services in the delivery, distribution, and storage of products, such as electronic products, office equipment, and electronic and machinery parts. Ricoh Company, Ltd. is headquartered in Tokyo, Japan. “

Ricoh Co (NASDAQ:RICOY) remained flat at $8.85 on Thursday. The stock has a market cap of $6.42 billion and a P/E ratio of 11.77. Ricoh Co has a 12-month low of $8.13 and a 12-month high of $11.26. The company’s 50 day moving average price is $9.23 and its 200 day moving average price is $9.17.

About Ricoh Co

RICOH COMPANY, LTD. is a Japan-based company mainly engaged in the provision of office and industrial equipment. The Company operates in three business segments. The Image & Solution segment is engaged in the manufacture and sale of office equipment, including copiers, multi-functional printers (MFPs), production printers and personal computers (PCs) or servers, as well as the provision of various support services.

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