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

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.34 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares traded.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Panasonic from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

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 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 company’s 50 day simple moving average is $9.34 and its 200-day simple moving average is $9.35.

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.