Canon (OTCMKTS:CAJPY) Posts Quarterly Earnings Results

Canon (OTCMKTS:CAJPY) announced its quarterly earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, Zacks reports. Canon had a net margin of 7.36% and a return on equity of 9.41%.

Canon Trading Up 1.2%

OTCMKTS:CAJPY opened at $31.62 on Tuesday. The stock has a fifty day moving average price of $29.34 and a 200 day moving average price of $28.38. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. Canon has a 12-month low of $25.07 and a 12-month high of $32.34. The firm has a market cap of $27.78 billion, a PE ratio of 12.45 and a beta of 0.54.

Analyst Upgrades and Downgrades

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

Canon Company Profile

Canon Inc is a Japan-based imaging and technology company that develops and sells products and solutions for consumers, businesses and professional users. Its offerings include digital cameras, interchangeable lenses, network cameras, inkjet and laser printers, scanners, projectors and related software and services.

The company also operates in medical and industrial technology. Its medical business provides diagnostic imaging systems, including computed tomography, magnetic resonance imaging, ultrasound and digital radiography equipment.