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

Canon, Inc. (OTCMKTS:CAJPY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $30.45, but opened at $29.30. Canon shares last traded at $30.4555, with a volume of 1,663 shares changing hands.

Canon Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.38 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $29.39. The company has a market capitalization of $30.06 billion, a PE ratio of 24.74 and a beta of 0.59.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.48 earnings per share for the quarter. The firm had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.37 billion. Canon had a return on equity of 4.69% and a net margin of 3.59%.

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.