Canon (OTCMKTS:CAJPY) Trading 0.1% Higher – Here’s What Happened

Canon, Inc. (OTCMKTS:CAJPY) shares rose 0.1% during trading on Wednesday . The stock traded as high as $28.92 and last traded at $28.89. Approximately 30,155 shares changed hands during trading, a decline of 52% from the average daily volume of 63,363 shares. The stock had previously closed at $28.86.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research raised Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Wall Street Zen cut shares of Canon from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Canon Trading Up 0.1%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 1.38. The stock has a market cap of $28.54 billion, a price-to-earnings ratio of 23.49 and a beta of 0.55. The company has a fifty day moving average of $29.40.

Canon (OTCMKTS:CAJPY) last released its quarterly earnings results on Monday, October 27th. The company reported $0.48 earnings per share for the quarter. Canon had a return on equity of 4.69% and a net margin of 3.59%.The business had revenue of $7.49 billion during the quarter, compared to analysts’ expectations of $7.37 billion.

About Canon

Canon Inc, together with its subsidiaries, manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit.