Canon (CAJ) Earns Media Impact Rating of 0.28
Headlines about Canon (NYSE:CAJ) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a news impact score of 0.28 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 43.3683611575537 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Canon (NYSE:CAJ) traded up $0.06 on Thursday, reaching $38.37. 110,021 shares of the company traded hands, compared to its average volume of 244,764. The company has a market cap of $42,437.76, a P/E ratio of 21.59, a PEG ratio of 3.35 and a beta of 0.45. Canon has a 12-month low of $27.76 and a 12-month high of $39.15. The company has a quick ratio of 1.44, a current ratio of 2.03 and a debt-to-equity ratio of 0.19.
Several brokerages recently commented on CAJ. BidaskClub downgraded shares of Canon from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Canon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th.
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Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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