NEW YORK ( TheStreet) -- Canon (NYSE: CAJ) is trading at unusually high volume Tuesday with 2.2 million shares changing hands. It is currently at 7.7 times its average daily volume and trading up 81 cents (+2%) at $40.59 as of 3 p.m. ET. Canon has a market cap of $46.92 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 12.7% year to date as of the close of trading on Monday. Canon Inc. engages in the manufacture and sale of network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras, and lithography equipment worldwide. The company has a P/E ratio of 16.1, above the average consumer durables industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Canon as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Canon Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.