Canon (OTCMKTS:CAJPY) Trading Down 1.4% – What’s Next?

Canon, Inc. (OTCMKTS:CAJPY) traded down 1.4% during mid-day trading on Thursday . The stock traded as low as $25.86 and last traded at $26.20. 88,503 shares were traded during mid-day trading, a decline of 27% from the average session volume of 120,625 shares. The stock had previously closed at $26.58.

Canon Price Performance

The company has a market cap of $23.27 billion, a P/E ratio of 11.62 and a beta of 0.51. The company has a fifty day simple moving average of $27.05 and a 200-day simple moving average of $28.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.04.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.35 earnings per share for the quarter. Canon had a net margin of 6.62% and a return on equity of 8.52%. The firm had revenue of $6.97 billion for the quarter. On average, sell-side analysts predict 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.