Canon (OTCMKTS:CAJPY) Shares Gap Down – What’s Next?

Canon, Inc. (OTCMKTS:CAJPY) gapped down before the market opened on Wednesday . The stock had previously closed at $30.60, but opened at $29.55. Canon shares last traded at $30.06, with a volume of 5,624 shares changing hands.

Canon Trading Down 0.5%

The company has a quick ratio of 0.91, a current ratio of 1.38 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $29.24. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 24.24 and a beta of 0.59.

Canon (OTCMKTS:CAJPY) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.48 EPS 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 for the quarter, compared to analyst estimates of $7.37 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.