Panasonic (OTCMKTS:PCRFY) Upgraded to Neutral by UBS Group

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

Separately, Morgan Stanley initiated coverage on Panasonic in a report on Thursday, July 25th. They issued an “equal weight” rating for the company.

Panasonic Stock Down 1.3 %

OTCMKTS PCRFY traded down $0.12 during trading on Wednesday, hitting $9.36. 100 shares of the company traded hands, compared to its average volume of 248,305. Panasonic has a 12 month low of $8.59 and a 12 month high of $12.75. The business has a fifty day simple moving average of $9.36 and a 200 day simple moving average of $9.37. The company has a market capitalization of $21.85 billion, a P/E ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27.

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.