Canon (OTCMKTS:CAJPY) Reaches New 12-Month Low – What’s Next?

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

Canon Stock Down 2.1%

The company’s 50-day simple moving average is $28.35 and its two-hundred day simple moving average is $29.26. The firm has a market capitalization of $22.18 billion, a P/E ratio of 11.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.54 and a quick ratio of 1.04.

Canon (OTCMKTS:CAJPY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.35 earnings per share for the quarter. Canon had a net margin of 6.62% and a return on equity of 8.45%. The company had revenue of $6.97 billion during the quarter. As a group, research analysts expect that Canon, Inc. will post 2.53 earnings per share 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.