Panasonic (OTCMKTS:PCRFY) Trading Down 1.3% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PCRFY. UBS Group raised shares of Panasonic from a “sell” rating to a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley assumed coverage on Panasonic in a report on Thursday, July 25th. They set an “equal weight” rating for the company.

Panasonic Price Performance

The firm’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $9.36. The firm 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 company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.94.

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.