Panasonic (OTCMKTS:PCRFY) Shares Pass Below 50-Day Moving Average of $9.43

Shares of Panasonic Holdings Co. (OTCMKTS:PCRFY) crossed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Panasonic Stock Down 1.3 %

The business’s 50 day moving average is $9.43 and its 200-day moving average is $9.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.94. The company has a market cap of $21.85 billion, a PE ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03.

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