Panasonic (OTCMKTS:PCRFY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Panasonic Holdings Co. (OTCMKTS:PCRFY)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.34 and traded as low as $9.22. Panasonic shares last traded at $9.36, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

Separately, UBS Group raised Panasonic from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

Panasonic Trading Down 1.3 %

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 stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.03. The company’s 50-day moving average is $9.34 and its 200-day moving average is $9.35.

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.