Canon (OTCMKTS:CAJPY) Shares Gap Up – Still a Buy?

Canon, Inc. (OTCMKTS:CAJPY) gapped up prior to trading on Tuesday . The stock had previously closed at $26.13, but opened at $27.65. Canon shares last traded at $26.75, with a volume of 420 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Canon from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Canon Trading Down 1.2%

The company has a 50 day moving average of $26.48 and a 200-day moving average of $28.32. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 11.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 1.47.

Canon (OTCMKTS:CAJPY) last released its earnings results on Thursday, April 23rd. The company reported $0.35 earnings per share for the quarter. The company had revenue of $6.97 billion during the quarter. Canon had a return on equity of 8.52% and a net margin of 6.62%. On average, research analysts anticipate that Canon, Inc. will post 2.5 earnings per share for the current year.

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.