Panasonic (OTCMKTS:PCRFY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Panasonic Holdings Co. (OTCMKTS:PCRFYGet Free Report)’s share price 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 changing hands.

Panasonic Stock Performance

The firm’s fifty day moving average price is $9.36 and its 200 day moving average price is $9.35. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $21.85 billion, a PE ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03.

About Panasonic

(Get Free Report)

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.

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