Ricoh (OTCMKTS:RICOY) Sees Large Volume Increase – What’s Next?

Ricoh Co. (OTCMKTS:RICOY) saw unusually-high trading volume on Thursday. Approximately 4,422 shares were traded during mid-day trading, an increase of 442% from the average daily volume of 816 shares. The stock last traded at $11.95 and had previously closed at $11.33.

Ricoh Stock Down 6.1%

The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 11.74 and a beta of 0.48. The firm’s fifty day simple moving average is $10.90 and its 200 day simple moving average is $9.55.

Ricoh (OTCMKTS:RICOY) last issued its earnings results on Friday, November 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.14 billion. Ricoh had a net margin of 3.10% and a return on equity of 6.99%.

Ricoh Company Profile

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, document management and commercial printing solutions. Its offerings include multifunction printers, office copiers, printers, scanners, related software and workflow systems, as well as managed print and IT services designed to help organizations digitize and automate business processes.

The company also serves the production printing and graphic communications markets, providing high-volume digital printing equipment, software and support services.