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

Panasonic Holdings Co. (OTCMKTS:PCRFYGet Free Report)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.36 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares traded.

Panasonic Stock Down 1.3 %

The company has a market cap of $21.85 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03. The firm has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.94.

About Panasonic

(Get Free Report)

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.

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