Panasonic (OTCMKTS:PCRFY) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Panasonic Holdings Co. (OTCMKTS:PCRFY) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.36 and traded as high as $9.36. Panasonic shares last traded at $9.36, with a volume of 100 shares traded.

Panasonic Stock 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 company has a 50 day simple moving average of $9.36 and a two-hundred day simple moving average of $9.36. The company 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.

About Panasonic

Panasonic Corporation is a Japanese multinational electronics company founded in 1918 by Konosuke Matsushita and headquartered in Osaka, Japan. Originally incorporated as Matsushita Electric Industrial Co, Ltd., the company adopted the Panasonic brand globally and has a long history in consumer electronics and electrical goods. Panasonic operates worldwide with a presence across Asia, Europe, the Americas and other regions, serving both retail consumers and a broad range of business customers.

The company’s core activities span consumer and professional electronics, home appliances, audio-visual products, and personal-care items, as well as a substantial industrial and B2B portfolio.