Canon (OTCMKTS:CAJPY) Shares Gap Up – Time to Buy?

Canon, Inc. (OTCMKTS:CAJPY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $26.13, but opened at $27.65. Canon shares last traded at $26.75, with a volume of 420 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Canon from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Canon Trading Down 1.2%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.47. The company’s 50-day moving average price is $26.48 and its 200-day moving average price is $28.32. The firm has a market capitalization of $23.38 billion, a PE ratio of 11.67 and a beta of 0.53.

Canon (OTCMKTS:CAJPY) last posted its earnings results on Thursday, April 23rd. The company reported $0.35 EPS for the quarter. Canon had a return on equity of 8.52% and a net margin of 6.62%.The firm had revenue of $6.97 billion for the quarter. On average, sell-side analysts expect that Canon, Inc. will post 2.5 earnings per share for the current year.

About Canon

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.