Zacks Investment Research Downgrades Ricoh (OTCMKTS:RICOY) to Sell

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Ricoh (OTCMKTS:RICOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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 OTCMKTS:RICOY opened at $9.11 on Wednesday. The company’s fifty day moving average is $9.35 and its two-hundred day moving average is $9.83. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 0.65. Ricoh has a 12-month low of $8.37 and a 12-month high of $11.11. The company has a market cap of $6.49 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.13 and a beta of 0.37.

Ricoh (OTCMKTS:RICOY) last announced its earnings results on Wednesday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Ricoh had a net margin of 2.85% and a return on equity of 5.55%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.52 billion. Equities research analysts anticipate that Ricoh will post 0.87 earnings per share 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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