Panasonic (OTCMKTS:PCRFY) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Panasonic Holdings Co. (OTCMKTS:PCRFY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

Separately, Nomura lowered Panasonic to a “neutral” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Panasonic presently has a consensus rating of “Hold”.

Panasonic Stock Down 1.3%

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’s fifty day moving average price is $9.36 and its 200-day moving average price is $9.36. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03.

About Panasonic

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.