Canon (OTCMKTS:CAJPY) Trading Down 1.4% – Here’s Why

Canon, Inc. (OTCMKTS:CAJPY)’s stock price was down 1.4% on Thursday . The stock traded as low as $25.86 and last traded at $26.20. Approximately 88,503 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 120,625 shares. The stock had previously closed at $26.58.

Canon Trading Down 1.4%

The company’s 50 day moving average price is $27.09 and its two-hundred day moving average price is $28.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.04. The stock has a market capitalization of $23.02 billion, a PE ratio of 11.49 and a beta of 0.51.

Canon (OTCMKTS:CAJPY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.35 earnings per share (EPS) for the quarter. Canon had a net margin of 6.62% and a return on equity of 8.52%. The firm had revenue of $6.97 billion during the quarter. As a group, analysts expect that Canon, Inc. will post 2.5 earnings per share for the current year.

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.