CAJ - Shares of Canon Inc. American Depositary Shares (CAJ) Have Risen Above Previous 52-Week High
Canon Inc. American Depositary Shares (NYSE:CAJ) traded today at a new 52-week high of $25.56. Approximately 68,000 shares have changed hands today, as compared to an average 30-day volume of 327,000 shares.
In the past 52 weeks, shares of Canon Inc. American Depositary Shares have traded between a low of $21.00 and a high of $25.56 and is now at $25.51, which is 21% above that low price.
Canon designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: office, imaging systems, medical systems, and industry and others. Its global customer base and domestically concentrated operations create inherent currency exposure, which can cause performance to fluctuate. Canon's headquarters and 28 of its 46 manufacturing plants are in Japan, but nearly 80% of revenue is delivered from international markets. The firm has been expanding into new geographies and markets to mitigate this exposure.
Canon Inc. American Depositary Shares (NYSE:CAJ) defies analysts with a current price ($25.51) 0.2% above its average consensus price target of $25.45.
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