Canon (OTCMKTS:CAJPY) Shares Up 5% – Time to Buy?
by Michael Walen · The Markets DailyShares of Canon, Inc. (OTCMKTS:CAJPY – Get Free Report) traded up 5% during trading on Thursday . The stock traded as high as $30.90 and last traded at $30.66. 31,429 shares were traded during trading, a decline of 49% from the average session volume of 61,811 shares. The stock had previously closed at $29.19.
Canon Stock Performance
The company has a current ratio of 1.38, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $29.88. The company has a market cap of $30.06 billion, a P/E ratio of 12.47 and a beta of 0.57.
Canon (OTCMKTS:CAJPY – Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.82 EPS for the quarter. Canon had a net margin of 7.17% and a return on equity of 9.47%. The business had revenue of $8.58 billion during the quarter, compared to analysts’ expectations of $8.37 billion.
Canon Company Profile
Canon Inc is a multinational corporation headquartered in Tokyo, Japan, renowned for its imaging and optical products. The company’s core businesses encompass the design, manufacturing, and sale of a broad range of products, including digital cameras, interchangeable lenses, printers, scanners, photocopiers, and multifunction office equipment. Canon also offers medical, industrial, and semiconductor lithography systems, supporting sectors such as healthcare, manufacturing, and electronics.
Founded in 1937 as Precision Optical Instruments Laboratory, Canon initially focused on the development of Japan’s first 35mm focal-plane-shutter camera.