Panasonic (OTCMKTS:PCRFY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Panasonic Holdings Co. (OTCMKTS:PCRFY) 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 $9.2150. Panasonic shares last traded at $9.36, with a volume of 100 shares trading hands.

Panasonic Trading Down 1.3%

The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.03. The company has a fifty day moving average price of $9.36 and a 200-day moving average price of $9.36. 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 Corporation is a Japanese multinational electronics company founded in 1918 by Konosuke Matsushita and headquartered in Osaka, Japan. Originally incorporated as Matsushita Electric Industrial Co, Ltd., the company adopted the Panasonic brand globally and has a long history in consumer electronics and electrical goods. Panasonic operates worldwide with a presence across Asia, Europe, the Americas and other regions, serving both retail consumers and a broad range of business customers.

The company’s core activities span consumer and professional electronics, home appliances, audio-visual products, and personal-care items, as well as a substantial industrial and B2B portfolio.