Canon (OTCMKTS:CAJPY) Shares Gap Up – Here’s What Happened

Canon, Inc. (OTCMKTS:CAJPY) gapped up prior to trading on Tuesday . The stock had previously closed at $28.21, but opened at $29.30. Canon shares last traded at $27.9550, with a volume of 17,180 shares changing hands.

Canon Price Performance

The company’s fifty day moving average price is $29.29 and its 200 day moving average price is $29.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.54. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 11.72 and a beta of 0.63.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.82 EPS for the quarter. Canon had a net margin of 7.17% and a return on equity of 9.29%. The business had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.37 billion.

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.