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

Canon, Inc. (OTCMKTS:CAJPY)’s stock price gapped down before the market opened 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 changing hands.

Canon Trading Up 1.0%

The stock has a market cap of $29.53 billion, a P/E ratio of 24.07 and a beta of 0.57. The company has a current ratio of 1.38, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $29.70.

Canon (OTCMKTS:CAJPY) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.48 EPS for the quarter. The business had revenue of $7.49 billion for the quarter, compared to the consensus estimate of $7.37 billion. Canon had a return on equity of 4.69% and a net margin of 3.59%.

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.