Shares of Canon Inc (NYSE:CAJ) reached a new 52-week low on Thursday . The stock traded as low as $27.46 and last traded at $27.79, with a volume of 22145 shares trading hands. The stock had previously closed at $28.02.
Several analysts have recently weighed in on CAJ shares. Zacks Investment Research raised shares of Canon from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. downgraded shares of Canon from a “neutral” rating to an “underweight” rating in a research note on Thursday, September 13th.
The company has a current ratio of 2.04, a quick ratio of 1.40 and a debt-to-equity ratio of 0.14. The company has a market cap of $30.53 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.69 and a beta of 0.79.
A number of large investors have recently modified their holdings of CAJ. Moody National Bank Trust Division bought a new position in Canon in the third quarter worth approximately $110,000. LPL Financial LLC bought a new position in Canon in the third quarter worth approximately $215,000. Rhumbline Advisers bought a new position in Canon in the third quarter worth approximately $229,000. CWM LLC raised its stake in Canon by 4,305.5% in the third quarter. CWM LLC now owns 8,018 shares of the technology company’s stock worth $254,000 after buying an additional 7,836 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new position in Canon in the second quarter worth approximately $260,000. 1.59% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/12/08/canon-caj-reaches-new-52-week-low-at-27-46.html.
Canon Company Profile (NYSE:CAJ)
Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
Receive News & Ratings for Canon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canon and related companies with MarketBeat.com's FREE daily email newsletter.