Canon (OTCMKTS:CAJPY) Releases Earnings Results

Canon (OTCMKTS:CAJPY) posted its quarterly earnings results on Monday. The company reported $0.89 earnings per share for the quarter, Zacks reports. Canon had a net margin of 6.62% and a return on equity of 8.52%.

Canon Stock Performance

Shares of CAJPY stock opened at $27.73 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. Canon has a 1 year low of $25.07 and a 1 year high of $32.34. The firm’s fifty day simple moving average is $26.85 and its 200 day simple moving average is $28.04. The firm has a market capitalization of $24.36 billion, a P/E ratio of 12.16 and a beta of 0.53.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Canon from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Canon

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.