Canon (OTCMKTS:CAJPY) Shares Gap Up – What’s Next?

Canon, Inc. (OTCMKTS:CAJPY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $28.21, but opened at $29.30. Canon shares last traded at $27.9550, with a volume of 17,180 shares.

Canon Stock Down 0.6%

The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $24.64 billion, a PE ratio of 11.49 and a beta of 0.63. The firm has a 50-day moving average of $29.32 and a two-hundred day moving average of $29.44.

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

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.