Canon (OTCMKTS:CAJPY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Canon, Inc. (OTCMKTS:CAJPY – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $29.46, but opened at $30.54. Canon shares last traded at $29.7050, with a volume of 1,024 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Canon from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Canon has a consensus rating of “Hold”.

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Canon Trading Up 0.1%

The firm has a market capitalization of $26.18 billion, a P/E ratio of 11.73 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $29.04 and a 200-day moving average of $27.73.

Canon (OTCMKTS:CAJPY – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.89 EPS for the quarter. The firm had revenue of $7.41 billion for the quarter. Canon had a return on equity of 9.41% and a net margin of 7.36%. On average, equities research analysts predict that Canon, Inc. will post 2.50 earnings per share for the current fiscal year.

Canon Company Profile

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Canon Inc is a Japan-based technology company that develops and manufactures imaging, printing, and optical products and systems. Its offerings include interchangeable-lens and compact cameras, lenses, professional video equipment, and related accessories, as well as consumer and business printers.

The company also supplies multifunction office systems, production and commercial printing equipment, document-management solutions, network video cameras, and medical imaging systems. Canon serves consumers, businesses, government organizations, healthcare providers, and industrial customers through operations and distribution networks spanning Japan, the Americas, Europe, Asia, and other international markets.

Canon traces its origins to Precision Optical Industry Co, Ltd., established in Tokyo in 1937 to develop cameras.

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