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

Canon, Inc. (OTCMKTS:CAJPY) gapped down prior to trading on Wednesday . The stock had previously closed at $29.33, but opened at $28.40. Canon shares last traded at $29.51, with a volume of 11,953 shares traded.

Canon Trading Up 1.0%

The firm has a 50 day moving average of $29.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.38 and a quick ratio of 0.91. The firm has a market capitalization of $29.53 billion, a PE ratio of 24.07 and a beta of 0.57.

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