Panasonic (OTCMKTS:PCRFY) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of Panasonic Holdings Co. (OTCMKTS:PCRFYGet Free Report) 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 $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares traded.

Panasonic Stock Down 1.3 %

The firm’s 50 day simple moving average is $9.36 and its 200 day simple moving average is $9.35. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. The company has a market cap 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.

About Panasonic

(Get Free Report)

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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