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

Ricoh Co. (OTCMKTS:RICOY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.17, but opened at $8.4750. Ricoh shares last traded at $8.4750, with a volume of 408 shares trading hands.

Ricoh Stock Performance

The stock has a market capitalization of $4.83 billion, a PE ratio of 11.31 and a beta of 0.38. 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 firm has a 50 day moving average of $9.31 and a 200-day moving average of $9.04.

Ricoh (OTCMKTS:RICOY) last released its earnings results on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. The company had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Ricoh had a return on equity of 5.84% and a net margin of 2.50%. Research analysts forecast that Ricoh Co. will post 0.53 earnings per share 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.