Panasonic (OTCMKTS:PCRFY) Share Price Crosses Above 50 Day Moving Average of $9.36

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.36 and traded as high as $9.36. Panasonic shares last traded at $9.36, with a volume of 100 shares trading hands.

Wall Street Analysts Forecast Growth

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

Panasonic Trading Down 1.3 %

The business has a 50 day moving average of $9.36 and a two-hundred day moving average of $9.37. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39.

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.