Panasonic (OTCMKTS:PCRFY) Shares Pass Below 50 Day Moving Average – What’s Next?

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.36 and traded as low as $9.2150. Panasonic shares last traded at $9.36, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Separately, Nomura downgraded shares of Panasonic to a “neutral” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Panasonic has a consensus rating of “Hold”.

Panasonic Stock Performance

The firm has a fifty day simple moving average of $9.36 and a 200 day simple moving average of $9.36. 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 stock 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.

About Panasonic

Panasonic Corporation is a Japanese multinational electronics company founded in 1918 by Konosuke Matsushita and headquartered in Osaka, Japan. Originally incorporated as Matsushita Electric Industrial Co, Ltd., the company adopted the Panasonic brand globally and has a long history in consumer electronics and electrical goods. Panasonic operates worldwide with a presence across Asia, Europe, the Americas and other regions, serving both retail consumers and a broad range of business customers.

The company’s core activities span consumer and professional electronics, home appliances, audio-visual products, and personal-care items, as well as a substantial industrial and B2B portfolio.