Panasonic (OTCMKTS:PCRFY) issued its earnings results on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, Morningstar.com reports. Panasonic had a return on equity of 7.98% and a net margin of 1.95%.
Shares of Panasonic (PCRFY) traded down $0.42 during midday trading on Monday, reaching $14.24. The company’s stock had a trading volume of 324,873 shares, compared to its average volume of 507,378. The company has a quick ratio of 0.81, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Panasonic has a 52 week low of $10.46 and a 52 week high of $15.78. The company has a market capitalization of $34,025.36, a PE ratio of 24.62, a P/E/G ratio of 0.79 and a beta of 1.36.
Several equities research analysts have recently issued reports on PCRFY shares. Zacks Investment Research raised Panasonic from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, December 26th. ValuEngine cut Panasonic from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
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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.
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