Panasonic (OTCMKTS:PCRFY) Shares Pass Below 50 Day Moving Average – Here’s Why

Panasonic Holdings Co. (OTCMKTS:PCRFY) shares passed below its 50-day moving average during trading on Monday . 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 changing hands.

Wall Street Analyst Weigh In

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

Panasonic Stock Down 1.3%

The company has a market cap of $21.85 billion, a P/E ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03. The stock’s 50-day moving average price is $9.36 and its 200-day moving average price is $9.36. 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.