Panasonic (OTCMKTS:PCRFY) Rating Increased to Neutral at UBS Group

Panasonic (OTCMKTS:PCRFY) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, Briefing.com reports.

Separately, Morgan Stanley started coverage on shares of Panasonic in a research report on Thursday, July 25th. They set an “equal weight” rating on the stock.

Panasonic Stock Down 1.3 %

Shares of PCRFY stock traded down $0.12 on Wednesday, reaching $9.36. 100 shares of the company’s stock traded hands, compared to its average volume of 248,305. The company has a market capitalization of $21.85 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. Panasonic has a 12-month low of $8.59 and a 12-month high of $12.75. 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 business’s 50 day moving average price is $9.36 and its two-hundred day moving average price is $9.37.

Panasonic Company Profile

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.