Canon (OTCMKTS:CAJPY) Shares Gap Up - What's Next?

Key Points

• Shares of Canon gapped up to open at $29.30 from $28.21 but last traded at $27.9550 (down ~0.6%) on a volume of 17,180, hovering near its 50- and 200-day simple moving averages (~$29.3).
• Canon reported quarterly EPS of $0.82 and revenue of $8.58 billion, beating analysts' revenue estimate of $8.37 billion, and trades at a P/E of 11.49 with a low debt-to-equity ratio of 0.08.

Canon, Inc. (OTCMKTS:CAJPY - Get Free Report)'s share price gapped up before the market opened 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 Trading Down 0.6%

The company has a market cap of $24.64 billion, a PE ratio of 11.49 and a beta of 0.63. The business has a 50 day simple moving average of $29.32 and a two-hundred day simple moving average of $29.44. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.82 earnings per share for the quarter. Canon had a return on equity of 9.29% and a net margin of 7.17%.The company had revenue of $8.58 billion for the quarter, compared to analyst estimates of $8.37 billion.

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.

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