Canon (OTCMKTS:CAJPY) Announces Quarterly Earnings Results

Canon (OTCMKTS:CAJPY) posted its quarterly earnings data on Monday. The company reported $0.89 earnings per share for the quarter, Zacks reports. Canon had a net margin of 6.62% and a return on equity of 8.52%.

Canon Trading Up 1.0%

OTCMKTS:CAJPY opened at $28.00 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 0.97. The business’s 50-day simple moving average is $26.87 and its 200-day simple moving average is $28.02. Canon has a fifty-two week low of $25.07 and a fifty-two week high of $32.34. The stock has a market capitalization of $24.60 billion, a PE ratio of 12.28 and a beta of 0.53.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Canon from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.