Panasonic (OTCMKTS:PCRFY) Shares Down 1.3% – What’s Next?

by · The Markets Daily

Panasonic Holdings Co. (OTCMKTS:PCRFY – Get Free Report) fell 1.3% during mid-day trading on Monday . The stock traded as low as $9.22 and last traded at $9.36. 100 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 248,305 shares. The stock had previously closed at $9.48.

Analyst Ratings Changes

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

Read Our Latest Analysis on Panasonic

Panasonic Stock Performance

The firm’s 50 day simple moving average is $9.34 and its 200-day simple moving average is $9.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03.

About Panasonic

(Get Free Report)

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.

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