Panasonic (OTCMKTS:PCRFY) Trading Down 1.3% – What’s Next?

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s stock price dropped 1.3% during mid-day trading on Monday . The stock traded as low as $9.22 and last traded at $9.36. Approximately 100 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 248,305 shares. The stock had previously closed at $9.48.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group upgraded Panasonic from a “sell” rating to a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley initiated coverage on Panasonic in a report on Thursday, July 25th. They set an “equal weight” rating on the stock.

Panasonic Trading Down 1.3 %

The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a market cap 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 stock has a 50 day simple moving average of $9.36 and a 200-day simple moving average of $9.36.

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.