Canon (OTCMKTS:CAJPY) Shares Gap Up – Time to Buy?

Canon, Inc. (OTCMKTS:CAJPY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $27.63, but opened at $28.96. Canon shares last traded at $28.06, with a volume of 4,085 shares.

Canon Price Performance

The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $29.02 and a two-hundred day moving average price of $29.36. The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of 11.46 and a beta of 0.63.

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

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.