Canon (OTCMKTS:CAJPY) Sets New 52-Week Low – Here’s Why

Canon, Inc. (OTCMKTS:CAJPY)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $25.30 and last traded at $25.77, with a volume of 72657 shares. The stock had previously closed at $27.97.

Canon Trading Down 7.9%

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 company has a market cap of $22.64 billion, a price-to-earnings ratio of 10.56 and a beta of 0.63. The firm has a 50-day moving average price of $28.48 and a 200 day moving average price of $29.30.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.35 earnings per share (EPS) for the quarter. Canon had a return on equity of 9.29% and a net margin of 7.17%. As a group, sell-side analysts forecast that Canon, Inc. will post 2.53 EPS for the current year.

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.