Panasonic (OTCMKTS:PCRFY) Stock Price Crosses Below 50 Day Moving Average of $9.43

Shares of Panasonic Holdings Co. (OTCMKTS:PCRFY) 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.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Panasonic in a report on Tuesday, March 12th.

Panasonic Stock Performance

The company’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $9.70. The stock has a market capitalization of $21.85 billion, a P/E ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.94 and a current ratio of 1.39.

Panasonic (OTCMKTS:PCRFY) last announced its earnings results on Thursday, February 1st. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. Panasonic had a net margin of 5.96% and a return on equity of 12.00%. The company had revenue of $14.77 billion for the quarter. As a group, equities analysts forecast that Panasonic Holdings Co. will post 1.28 EPS for the current 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.