Canon Rises On Unusually High Volume (CAJ)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Thursday with 872,057 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.49 (+3.5%) at $44.49 as of 2:44 p.m. ET.
Canon has a market cap of $52.84 billion and is part of the
sector and
industry. Shares are down 2.4% year to date as of the close of trading on Wednesday.
Canon, Inc., through its subsidiaries, manufactures and sells network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipments primarily under Canon brand in the Americas, Europe, Asia and Oceania. The company has a P/E ratio of 17.5, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Canon as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
.
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