Shares of Panasonic Holdings Co. (OTCMKTS:PCRFY – Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.43 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares changing hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group reissued a “neutral” rating on shares of Panasonic in a research note on Tuesday, March 12th.
Read Our Latest Research Report on PCRFY
Panasonic Trading Down 1.3 %
Panasonic (OTCMKTS:PCRFY – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. Panasonic had a return on equity of 12.00% and a net margin of 5.96%. The business had revenue of $14.77 billion during the quarter. As a group, research analysts anticipate that Panasonic Holdings Co. will post 1.28 earnings per share for the current fiscal year.
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.
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