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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $11.6250, but opened at $11.13. Electrolux shares last traded at $11.17, with a volume of 231 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup restated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Finally, Zacks Research downgraded Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Electrolux Price Performance

The business has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $13.80. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57. The stock has a market cap of $1.57 billion, a PE ratio of 42.69 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a return on equity of 4.20% and a net margin of 0.27%.The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Research analysts forecast that Electrolux AB will post -0.07 earnings per share for the current year.

Electrolux Company Profile

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.