Panasonic (OTCMKTS:PCRFY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s share price passed below its 50 day moving average during trading on Friday . 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PCRFY. Morgan Stanley began coverage on shares of Panasonic in a report on Thursday, July 25th. They issued an “equal weight” rating on the stock. UBS Group upgraded shares of Panasonic from a “sell” rating to a “neutral” rating in a report on Wednesday, October 2nd.

Panasonic Price Performance

The company has a market capitalization of $21.85 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.03. The firm’s fifty day moving average is $9.36 and its 200 day moving average is $9.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39.

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.