Panasonic (OTCMKTS:PCRFY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

Separately, ValuEngine raised shares of Panasonic from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th.

Shares of OTCMKTS:PCRFY opened at $11.06 on Friday. The company has a market capitalization of $26.85 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. Panasonic has a 52 week low of $10.90 and a 52 week high of $16.20. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.43.

Panasonic Company Profile

Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide. It operates through Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems, and Other segments. The Appliances segment offers air conditioners, TVs, refrigerators, washing machines, personal care products, microwave ovens, digital cameras, home audio equipment, video equipment, fixed-phones, vacuum cleaners, rice cookers, show cases, compressors, fuel cells, etc.

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