NEW YORK ( TheStreet) -- Canon (NYSE: CAJ) is trading at unusually high volume Tuesday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $2.08 (+4.8%) at $45.69 as of 3:41 p.m. ET.

Canon has a market cap of $55.9 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 15.1% year to date as of the close of trading on Monday.

Canon, Inc., through its subsidiaries, manufactures and sells network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and steppers primarily under Canon brand in the Americas, Europe, and Asia. The company has a P/E ratio of 18.6, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

TheStreet Ratings rates Canon as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Canon Ratings Report.

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