Canon (OTCMKTS:CAJPY) Sets New 1-Year Low – Here’s What Happened

Canon, Inc. (OTCMKTS:CAJPY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.2201 and last traded at $27.44, with a volume of 143136 shares changing hands. The stock had previously closed at $27.58.

Canon Stock Performance

The company’s fifty day moving average is $29.87 and its 200 day moving average is $29.64. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08.

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

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.