Panasonic (OTCMKTS:PCRFY) Stock Price Crosses Below 50 Day Moving Average of $9.43

Shares of Panasonic Holdings Co. (OTCMKTS:PCRFY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.43 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reissued a “neutral” rating on shares of Panasonic in a research note on Tuesday, March 12th.

Panasonic Trading Down 1.3 %

The firm 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 50-day moving average price of $9.43 and a 200 day moving average price of $9.70. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.27.

Panasonic (OTCMKTS:PCRFY) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. Panasonic had a return on equity of 12.00% and a net margin of 5.96%. The business had revenue of $14.77 billion during the quarter. As a group, research analysts anticipate that Panasonic Holdings Co. will post 1.28 earnings per share for the current fiscal year.

About Panasonic

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.