Zacks Investment Research Downgrades Ricoh Co Ltd (RICOY) to Sell
Ricoh Co Ltd (NASDAQ:RICOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.
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 Ricoh Co (NASDAQ:RICOY) traded up 0.179% during mid-day trading on Friday, hitting $8.385. The stock had a trading volume of 450 shares. Ricoh Co has a one year low of $7.90 and a one year high of $10.81. The company has a market cap of $6.08 billion and a PE ratio of 43.000. The firm’s 50 day moving average price is $8.53 and its 200-day moving average price is $8.55.
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About Ricoh Co
Ricoh Company, Ltd. is engaged in integrated domestic and overseas manufacturing services. The Company’s segments include Imaging & Solutions, Industrial Products and Other. The Company’s Imaging & Solutions segment is engaged in office imaging, production printing and network system solutions. The Company’s Industrial Products segment is engaged in manufacturing and sales of thermal media, optical equipment, semiconductors, electronic component and Inkjet head.
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