Canon (OTCMKTS:CAJPY) Trading Up 5% – Still a Buy?

Canon, Inc. (OTCMKTS:CAJPY) shares were up 5% on Thursday . The company traded as high as $30.90 and last traded at $30.66. Approximately 31,429 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 61,811 shares. The stock had previously closed at $29.19.

Canon Stock Performance

The company has a current ratio of 1.38, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $29.78. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of 25.02 and a beta of 0.57.

Canon (OTCMKTS:CAJPY) last released its earnings results on Thursday, January 29th. The company reported $0.82 EPS for the quarter. 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.