Canon (OTCMKTS:CAJPY) Shares Gap Up – Here’s What Happened

Canon, Inc. (OTCMKTS:CAJPY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $27.99, but opened at $29.51. Canon shares last traded at $28.68, with a volume of 2,185 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Canon Trading Up 2.4%

The stock has a market cap of $25.19 billion, a PE ratio of 11.29 and a beta of 0.52. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $28.25 and a two-hundred day simple moving average of $27.61.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.89 EPS for the quarter. The company had revenue of $7.41 billion during the quarter. Canon had a return on equity of 9.41% and a net margin of 7.36%. As a group, equities analysts expect that Canon, Inc. will post 2.5 earnings per share for the current fiscal year.

About Canon

Canon Inc is a Japan-based imaging and technology company that develops and manufactures products and solutions for consumers, businesses and professional organizations. Founded in 1937 as Precision Optical Industry Co, the company adopted the Canon name in 1947 and became Canon Inc in 1969.

Canon’s product portfolio includes interchangeable-lens cameras, compact cameras, lenses, digital video equipment and related imaging accessories. The company also provides office and production printing systems, multifunction devices, document management solutions and commercial printing equipment.

Beyond consumer and office products, Canon develops medical imaging systems, including diagnostic equipment, as well as network cameras, semiconductor and display manufacturing equipment, and other industrial technologies.