Panasonic (PCRFY) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Panasonic (OTCMKTS:PCRFY) from a hold rating to a sell rating in a research report sent to investors on Friday.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

Separately, ValuEngine cut Panasonic from a hold rating to a sell rating in a report on Thursday, August 2nd.

Panasonic stock traded up $0.08 during midday trading on Friday, reaching $11.06. 1,322,463 shares of the stock traded hands, compared to its average volume of 330,002. Panasonic has a 12-month low of $10.90 and a 12-month high of $16.20. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 0.81.

Panasonic Company Profile

Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide. It operates through Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems, and Other segments. The Appliances segment offers air conditioners, TVs, refrigerators, washing machines, personal care products, microwave ovens, digital cameras, home audio equipment, video equipment, fixed-phones, vacuum cleaners, rice cookers, show cases, compressors, fuel cells, etc.

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