Canon (OTCMKTS:CAJPY) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Canon, Inc. (OTCMKTS:CAJPY) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $29.52 and traded as high as $30.15. Canon shares last traded at $30.01, with a volume of 70,011 shares trading hands.

Canon Trading Up 1.7%

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 company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 11.45 and a beta of 0.60. The business’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $28.37.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $7.28 billion for the quarter. Canon had a return on equity of 9.52% and a net margin of 7.54%. Research analysts predict that Canon, Inc. will post 2.50 earnings per share for the current year.

About Canon

Canon Inc. is a Japanese technology company that develops and manufactures imaging, printing, medical, and industrial products. Its offerings include digital cameras and lenses, office and production printers, scanners, and related software and services. The company also supplies medical imaging equipment and industrial technologies, including semiconductor lithography and other manufacturing equipment. Canon serves consumers, businesses, and public-sector organizations in markets around the world.