Canon Inc. American Depositary Shares (NYSE:CAJ) traded at a new 52-week high today of $25.94. Approximately 185,000 shares have changed hands today, as compared to an average 30-day volume of 212,000 shares.
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.
Based on a current price of $25.62, Canon Inc. American Depositary Shares is currently 8.9% above its average consensus analyst price target of $23.33.
Canon Inc. American Depositary Shares share prices have moved between a 52-week high of $25.94 and a 52-week low of $15.46 and are now trading 66% above that low price at $25.62 per share.
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