Ricoh (OTCMKTS:RICOY) Stock Rating Lowered by Zacks Investment Research

Ricoh (OTCMKTS:RICOYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, 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 $8.20 on Friday. Ricoh has a 52-week low of $6.93 and a 52-week high of $12.50. The firm has a fifty day moving average of $8.11 and a 200-day moving average of $8.82. The stock has a market capitalization of $5.23 billion, a PE ratio of 20.50 and a beta of 0.82. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.14.

About Ricoh (Get Rating)

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. It offers multifunctional printers, printers, industrial inkjets, garment and production printers, 3D printers, projectors, video and web conference systems, and interactive whiteboards, as well as inkjet heads and modules.

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