Separately, Zacks Investment Research lowered shares of Panasonic from a hold rating to a sell rating in a research note on Friday, October 12th.
OTCMKTS:PCRFY traded down $0.08 during mid-day trading on Tuesday, hitting $9.23. 118,794 shares of the company’s stock were exchanged, compared to its average volume of 157,473. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.13 and a quick ratio of 0.81. Panasonic has a fifty-two week low of $8.34 and a fifty-two week high of $16.20. The company has a market cap of $23.26 billion, a PE ratio of 10.14, a P/E/G ratio of 1.53 and a beta of 1.18.
Panasonic (OTCMKTS:PCRFY) last released its quarterly earnings data on Monday, February 4th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). The company had revenue of $18.41 billion during the quarter. Panasonic had a net margin of 2.62% and a return on equity of 11.18%. Equities research analysts expect that Panasonic will post 1 EPS for the current year.
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.
Featured Story: What is the Book Value of a Share?
Receive News & Ratings for Panasonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panasonic and related companies with MarketBeat.com's FREE daily email newsletter.