Canon (OTCMKTS:CAJPY) Shares Gap Up – Time to Buy?

Canon, Inc. (OTCMKTS:CAJPY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $26.13, but opened at $27.65. Canon shares last traded at $26.75, with a volume of 420 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Canon from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Canon Stock Performance

The stock has a 50-day moving average price of $26.54 and a 200 day moving average price of $28.27. 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 firm has a market capitalization of $23.28 billion, a price-to-earnings ratio of 11.62 and a beta of 0.53.

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