Panasonic Stock Hits New 52-Week Low (PC)

NEW YORK ( TheStreet) -- Panasonic (NYSE: PC) hit a new 52-week low Thursday as it is currently trading at $7.84, below its previous 52-week low of $8 with 68,408 shares traded as of 9:34 a.m. ET. Average volume has been 402,200 shares over the past 30 days.

Panasonic has a market cap of $19.05 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 3.1% year to date as of the close of trading on Wednesday.

Panasonic Corporation develops, manufactures, and sells electronic products worldwide. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Panasonic as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Panasonic Ratings Report.

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