Canon (OTCMKTS:CAJPY) Shares Down 2% – Time to Sell?

Canon, Inc. (OTCMKTS:CAJPY)’s share price was down 2% during mid-day trading on Thursday . The stock traded as low as $30.05 and last traded at $30.27. Approximately 42,230 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 54,869 shares. The stock had previously closed at $30.89.

Canon Price Performance

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 company has a fifty day simple moving average of $30.42 and a two-hundred day simple moving average of $29.76.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.82 EPS for the quarter. Canon had a net margin of 7.17% and a return on equity of 9.29%. The company had revenue of $8.58 billion during the quarter, compared to analysts’ expectations 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.