CAJ - Shares of Canon Inc. American Depositary Shares (CAJ) Rise to a New 52-Week High
Shares of Canon Inc. American Depositary Shares (NYSE:CAJ) traded today at $25.77, eclipsing its 52-week high. Approximately 87,000 shares have changed hands today, as compared to an average 30-day volume of 341,000 shares.
In the past 52 weeks, Canon Inc. American Depositary Shares share prices are bracketed by a low of $21.00 and a high of $25.77 and is now at $25.40, 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.
There is potential upside of 2.3% for shares of Canon Inc. American Depositary Shares based on a current price of $25.40 and an average consensus analyst price target of $25.99.
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