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

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s stock 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.

Analysts Set New Price Targets

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

Panasonic Stock Down 1.3 %

The stock’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $9.35. The stock has a market capitalization of $21.85 billion, a PE ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39.

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.