Canon (OTCMKTS:CAJPY) Sees Unusually-High Trading Volume – Should You Buy?

Canon, Inc. (OTCMKTS:CAJPY) shares saw unusually-strong trading volume on Friday. Approximately 140,324 shares changed hands during trading, an increase of 82% from the previous session’s volume of 76,922 shares. The stock last traded at $31.24 and had previously closed at $31.25.

Analyst Ratings Changes

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

Canon Stock Up 0.1%

The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 12.31 and a beta of 0.54. The firm has a 50-day moving average of $29.25 and a two-hundred day moving average of $27.87.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.89 earnings per share for the quarter. The firm had revenue of $7.41 billion for the quarter. Canon had a net margin of 7.36% and a return on equity of 9.41%. As a group, sell-side analysts predict that Canon, Inc. will post 2.50 earnings per share for the current fiscal year.

About Canon

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.