Panasonic (OTCMKTS:PCRFY) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Panasonic Holdings Co. (OTCMKTS:PCRFY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.35 and traded as high as $9.36. Panasonic shares last traded at $9.36, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

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

Panasonic Stock Performance

The firm has a 50 day simple moving average of $9.34 and a 200-day simple moving average of $9.35. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.94.

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.