Canon (OTCMKTS:CAJPY) Trading Down 0.4% – Time to Sell?

Canon, Inc. (OTCMKTS:CAJPY)’s stock price fell 0.4% during mid-day trading on Friday . The company traded as low as $26.71 and last traded at $26.92. 113,399 shares changed hands during trading, an increase of 23% from the average session volume of 91,953 shares. The stock had previously closed at $27.04.

Analysts Set New Price Targets

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

Canon Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 11.81 and a beta of 0.52. The business’s 50 day simple moving average is $26.94 and its 200-day simple moving average is $28.69.

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

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.