Canon (OTCMKTS:CAJPY) Shares Gap Down – Should You Sell?

Shares of Canon, Inc. (OTCMKTS:CAJPY) gapped down prior to trading on Tuesday. The stock had previously closed at $29.40, but opened at $28.15. Canon shares last traded at $29.25, with a volume of 2,968 shares changing hands.

Analyst Upgrades and Downgrades

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

Canon Stock Up 0.0%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.46 and a quick ratio of 0.96. The firm has a market capitalization of $25.64 billion, a P/E ratio of 11.49 and a beta of 0.52. The company’s 50-day simple moving average is $28.71 and its two-hundred day simple moving average is $27.57.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.89 earnings per share for the quarter. Canon had a net margin of 7.36% and a return on equity of 9.41%. The business had revenue of $7.41 billion for the quarter. As a group, research analysts expect that Canon, Inc. will post 2.5 earnings per share for the current year.

About Canon

Canon Inc is a Japan-based technology company that develops and manufactures imaging, printing, and optical products and systems. Its offerings include interchangeable-lens and compact cameras, lenses, professional video equipment, and related accessories, as well as consumer and business printers.

The company also supplies multifunction office systems, production and commercial printing equipment, document-management solutions, network video cameras, and medical imaging systems. Canon serves consumers, businesses, government organizations, healthcare providers, and industrial customers through operations and distribution networks spanning Japan, the Americas, Europe, Asia, and other international markets.

Canon traces its origins to Precision Optical Industry Co, Ltd., established in Tokyo in 1937 to develop cameras.