Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Time to Sell?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $12.57, but opened at $12.09. Electrolux shares last traded at $12.13, with a volume of 2,490 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Electrolux Stock Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The company has a fifty day moving average of $12.05 and a two-hundred day moving average of $13.71. The stock has a market capitalization of $1.65 billion, a P/E ratio of 44.71, a price-to-earnings-growth ratio of 62.21 and a beta of 1.08.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly 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 net margin of 0.27% and a return on equity of 4.03%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion.

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.