Canon (OTCMKTS:CAJPY) Shares Gap Down – Should You Sell?

Canon, Inc. (OTCMKTS:CAJPY) gapped down before the market opened on Tuesday. The stock had previously closed at $29.40, but opened at $28.15. Canon shares last traded at $29.25, with a volume of 2,968 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Canon from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently 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 50-day moving average of $28.71 and a 200-day moving average of $27.57. The stock has a market cap of $25.64 billion, a PE ratio of 11.49 and a beta of 0.52.

Canon (OTCMKTS:CAJPY) last issued its earnings results on Monday, July 27th. The company reported $0.89 earnings per share (EPS) for the quarter. Canon had a return on equity of 9.41% and a net margin of 7.36%.The company had revenue of $7.41 billion for the quarter. Research analysts predict that Canon, Inc. will post 2.5 EPS for the current year.

Canon Company Profile

Canon Inc is a Japan-based technology company that develops and manufactures imaging, printing, and optical products and systems. Its offerings include interchangeable-lens and compact cameras, lenses, professional video equipment, and related accessories, as well as consumer and business printers.

The company also supplies multifunction office systems, production and commercial printing equipment, document-management solutions, network video cameras, and medical imaging systems. Canon serves consumers, businesses, government organizations, healthcare providers, and industrial customers through operations and distribution networks spanning Japan, the Americas, Europe, Asia, and other international markets.

Canon traces its origins to Precision Optical Industry Co, Ltd., established in Tokyo in 1937 to develop cameras.