Canon (OTCMKTS:CAJPY) Releases Earnings Results

Canon (OTCMKTS:CAJPY) announced its quarterly earnings data on Monday. The company reported $0.89 earnings per share for the quarter, Zacks reports. Canon had a return on equity of 8.52% and a net margin of 6.62%.

Canon Stock Performance

CAJPY stock opened at $27.73 on Monday. The business’s 50 day moving average is $26.85 and its 200-day moving average is $28.04. Canon has a 1-year low of $25.07 and a 1-year high of $32.34. The firm has a market cap of $24.36 billion, a P/E ratio of 12.16 and a beta of 0.53. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

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.