Canon (OTCMKTS:CAJPY) Sees Large Volume Increase – Here’s What Happened

Shares of Canon, Inc. (OTCMKTS:CAJPY) saw strong trading volume on Friday. Approximately 140,324 shares were traded during mid-day trading, an increase of 82% from the previous session’s volume of 76,922 shares. The stock last traded at $31.24 and had previously closed at $31.25.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Canon from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Canon Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.46 and a quick ratio of 0.96. The firm has a market capitalization of $27.47 billion, a P/E ratio of 12.31 and a beta of 0.54. The company’s 50 day moving average price is $29.25 and its 200 day moving average price is $27.87.

Canon (OTCMKTS:CAJPY) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $7.41 billion for the quarter. Canon had a return on equity of 9.41% and a net margin of 7.36%. As a group, sell-side analysts anticipate that Canon, Inc. will post 2.50 EPS for the current fiscal year.

About Canon

Canon Inc is a Japan-based imaging and technology company that develops and sells products and solutions for consumers, businesses and professional users. Its offerings include digital cameras, interchangeable lenses, network cameras, inkjet and laser printers, scanners, projectors and related software and services.

The company also operates in medical and industrial technology. Its medical business provides diagnostic imaging systems, including computed tomography, magnetic resonance imaging, ultrasound and digital radiography equipment.