Panasonic (OTCMKTS:PCRFY) Stock Crosses Below Fifty 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 $9.2150. Panasonic shares last traded at $9.36, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

Separately, Nomura cut shares of Panasonic to a “neutral” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Panasonic Trading Down 1.3%

The business’s 50-day simple moving average is $9.36 and its 200-day simple moving average is $9.36. The company has a market cap of $21.85 billion, a PE ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.

Panasonic Company Profile

Panasonic Corporation is a Japanese multinational electronics company founded in 1918 by Konosuke Matsushita and headquartered in Osaka, Japan. Originally incorporated as Matsushita Electric Industrial Co, Ltd., the company adopted the Panasonic brand globally and has a long history in consumer electronics and electrical goods. Panasonic operates worldwide with a presence across Asia, Europe, the Americas and other regions, serving both retail consumers and a broad range of business customers.

The company’s core activities span consumer and professional electronics, home appliances, audio-visual products, and personal-care items, as well as a substantial industrial and B2B portfolio.