Canon (OTCMKTS:CAJPY) Shares Gap Down – What’s Next?
by Amy Steele · The Cerbat GemShares of Canon, Inc. (OTCMKTS:CAJPY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $30.36, but opened at $29.51. Canon shares last traded at $29.58, with a volume of 1,345 shares trading hands.
Canon Price Performance
The company has a 50 day simple moving average of $29.41. The company has a market capitalization of $29.21 billion, a price-to-earnings ratio of 24.04 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.38 and a quick ratio of 0.91.
Canon (OTCMKTS:CAJPY – Get Free Report) last issued its earnings results on Monday, October 27th. The company reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $7.49 billion for the quarter, compared to analysts’ expectations of $7.37 billion. Canon had a return on equity of 4.69% and a net margin of 3.59%.
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.