Panasonic (PCRFY) Cut to “Hold” at ValuEngine

Panasonic (OTCMKTS:PCRFY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research upgraded shares of Panasonic from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.

Panasonic (OTCMKTS PCRFY) traded down $0.40 during trading on Friday, hitting $14.62. 177,422 shares of the stock traded hands, compared to its average volume of 161,080. The stock has a market capitalization of $34,858.59, a P/E ratio of 25.90, a P/E/G ratio of 0.86 and a beta of 1.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.14. Panasonic has a 1-year low of $10.05 and a 1-year high of $15.78.

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About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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