NEW YORK (

TheStreet

) --

Panasonic Corporation

(NYSE:

PC

) hit a new 52-week low Wednesday as it is currently trading at $6.58, below its previous 52-week low of $6.61 with 8,516 shares traded as of 9:35 a.m. ET. Average volume has been 448,900 shares over the past 30 days.

Panasonic has a market cap of $15.63 billion and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 19.7% year to date as of the close of trading on Tuesday.

Panasonic Corporation develops, manufactures, and sells electronic products worldwide. The company has a P/E ratio of eight, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Panasonic as a

sell

. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Panasonic Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

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.

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