Panasonic (OTCMKTS:PCRFY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Panasonic Holdings Co. (OTCMKTS:PCRFY) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.36 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PCRFY shares. UBS Group upgraded shares of Panasonic from a “sell” rating to a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley assumed coverage on shares of Panasonic in a research note on Thursday, July 25th. They set an “equal weight” rating for the company.

Panasonic Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $9.36 and a 200 day moving average price of $9.36. The stock has a market cap of $21.85 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03.

Panasonic Company Profile

Panasonic Holdings Corporation, together with its subsidiaries, research, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy. The Lifestyle segment offers refrigerators, microwave ovens, rice cookers, washing machines, lighting fixtures, vacuum cleaners, air-conditioners, air to water heat pump system, air purifiers/sterilizers, and freezing or refrigerating showcases, as well as ventilation and perflation equipment.