Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY) shares gapped down prior to trading on Friday . The stock had previously closed at $19.67, but opened at $17.98. Electrolux shares last traded at $17.98, with a volume of 376 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ELUXY shares. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Citigroup restated a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Electrolux Stock Performance

The stock’s 50 day moving average is $14.70 and its two-hundred day moving average is $12.90. The firm has a market capitalization of $2.60 billion, a P/E ratio of 27.45 and a beta of 1.15. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.96 and a quick ratio of 0.66.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. As a group, equities analysts anticipate that Electrolux AB will post 2.13 earnings per share for the current fiscal year.

About Electrolux

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.