Ricoh (OTCMKTS:RICOY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Ricoh (OTCMKTS:RICOY) from a hold rating to a sell rating in a research report released on Wednesday, Zacks.com reports.

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. “

Shares of RICOY stock opened at $9.11 on Wednesday. Ricoh has a 12 month low of $8.37 and a 12 month high of $11.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.65 and a quick ratio of 1.40. The firm has a market capitalization of $6.49 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.15 and a beta of 0.37. The company’s fifty day moving average price is $9.32 and its two-hundred day moving average price is $9.83.

Ricoh (OTCMKTS:RICOY) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Ricoh had a return on equity of 5.55% and a net margin of 2.85%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.52 billion. On average, sell-side analysts anticipate that Ricoh will post 0.87 EPS for the current year.

About Ricoh

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software.

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