Citigroup Lowers Ricoh (OTCMKTS:RICOY) to Neutral

Citigroup cut shares of Ricoh (OTCMKTS:RICOY – Get Rating) from a buy rating to a neutral rating in a report issued on Tuesday morning, The Fly reports.

Ricoh Price Performance

OTCMKTS:RICOY opened at $7.33 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $7.62 and its two-hundred day simple moving average is $7.57. The stock has a market cap of $4.47 billion, a PE ratio of 17.45, a P/E/G ratio of 0.49 and a beta of 0.79. Ricoh has a 52 week low of $6.87 and a 52 week high of $9.13.

Ricoh (OTCMKTS:RICOY – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.06 billion. Ricoh had a net margin of 1.70% and a return on equity of 3.56%. As a group, analysts forecast that Ricoh will post 0.7 EPS for the current fiscal year.

About Ricoh

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Ricoh Co, Ltd. engages in the development, production, sale, and provision of services for imaging systems, industrial printers, and network equipment. It operates through the following segments: Office Printing, Office Services, Commercial Printing, Industrial Printing, Thermal, and Others. The Office Printing segment provides multifunction devices, printers, and copiers for offices.