Canon (CAJ) Downgraded by Zacks Investment Research to Hold
Canon (NYSE:CAJ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Canon, Inc. is an industry leader in professional and consumer imaging equipment and information systems. Canon’s extensive product line enables businesses and consumers worldwide to capture, store and distribute visual information. Canon products include full-color as well as black and white copiers; color laser printers; facsimile machines; micrographics and optical disk filing systems; word processors, typewriters and calculators; camcorders, and lenses; semiconductor, broadcast and optical equipment; and other specialized industrial products. “
Canon (NYSE CAJ) traded up $0.15 during trading hours on Tuesday, hitting $38.61. The company had a trading volume of 205,035 shares, compared to its average volume of 238,425. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.03. Canon has a 12 month low of $27.76 and a 12 month high of $39.15. The company has a market cap of $42,000.93, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.31 and a beta of 0.47.
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Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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