Canon (OTCMKTS:CAJPY) Shares Gap Up – Should You Buy?

Canon, Inc. (OTCMKTS:CAJPY) shares gapped up before the market opened on Friday . The stock had previously closed at $27.15, but opened at $28.2499. Canon shares last traded at $27.2450, with a volume of 12,710 shares changing hands.

Canon Stock Performance

The stock has a 50-day moving average of $29.52 and a 200 day moving average of $29.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.54 and a quick ratio of 1.04. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 11.09 and a beta of 0.61.

Canon (OTCMKTS:CAJPY) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.82 earnings per share for the quarter. The firm had revenue of $8.58 billion during the quarter, compared to analysts’ expectations of $8.37 billion. Canon had a return on equity of 9.29% and a net margin of 7.17%.

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.