Panasonic (OTCMKTS:PCRFY) Shares Pass Below 50-Day Moving Average of $9.43

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.43 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares.

Wall Street Analyst Weigh In

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

Panasonic Trading Down 1.3 %

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. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $9.43 and its 200 day moving average is $9.71.

Panasonic (OTCMKTS:PCRFY) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. The company had revenue of $14.77 billion for the quarter. Panasonic had a net margin of 5.96% and a return on equity of 12.00%. Research analysts predict that Panasonic Holdings Co. will post 1.28 EPS for the current year.

About Panasonic

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.