Panasonic (OTCMKTS:PCRFY) Share Price Passes Below Fifty Day Moving Average of $9.42

Panasonic Holdings Co. (OTCMKTS:PCRFY) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.42 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Panasonic in a research note on Tuesday, March 12th.

Panasonic Stock Performance

The stock has a market capitalization 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. 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 stock’s 50 day moving average is $9.42 and its two-hundred day moving average is $9.61.

Panasonic (OTCMKTS:PCRFY) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Panasonic had a net margin of 5.96% and a return on equity of 12.00%. The company had revenue of $14.77 billion during the quarter. Analysts expect that Panasonic Holdings Co. will post 1.28 earnings per share for the current fiscal year.

Panasonic Company Profile

Panasonic Holdings Corporation, together with its subsidiaries, research, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy. The Lifestyle segment offers refrigerators, microwave ovens, rice cookers, washing machines, lighting fixtures, vacuum cleaners, air-conditioners, air to water heat pump system, air purifiers/sterilizers, and freezing or refrigerating showcases, as well as ventilation and perflation equipment.