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

Ricoh (OTCMKTS:RICOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

Separately, Goldman Sachs Group lowered Ricoh from a “neutral” rating to a “sell” rating in a report on Friday, September 20th.

Shares of RICOY traded down $0.13 during mid-day trading on Wednesday, hitting $10.38. 344 shares of the company were exchanged, compared to its average volume of 246. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 5.97 and a beta of 0.49. Ricoh has a 1-year low of $8.37 and a 1-year high of $10.68. The company has a 50 day moving average of $9.63 and a 200-day moving average of $9.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.59.

Ricoh (OTCMKTS:RICOY) last announced its earnings results on Friday, November 1st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Ricoh had a return on equity of 4.20% and a net margin of 2.11%. Research analysts anticipate that Ricoh will post 0.84 earnings per share for the current fiscal 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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