Canon (OTCMKTS:CAJPY) Shares Down 0.4% – Here’s Why

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

Analyst Ratings Changes

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

Canon Trading Down 0.4%

The stock’s 50-day moving average is $26.94 and its two-hundred day moving average is $28.69. The stock has a market cap of $23.65 billion, a P/E ratio of 11.81 and a beta of 0.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 0.97.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.35 EPS for the quarter. Canon had a net margin of 6.62% and a return on equity of 8.52%. The company had revenue of $6.97 billion for the quarter. Equities research analysts anticipate that Canon, Inc. will post 2.5 EPS 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.