Electrolux (OTCMKTS:ELUXY) Sets New 1-Year Low – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) hit a new 52-week low during trading on Monday . The company traded as low as $5.1150 and last traded at $5.16, with a volume of 643 shares trading hands. The stock had previously closed at $5.1775.

Wall Street Analysts Forecast Growth

ELUXY has been the topic of several analyst reports. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Electrolux presently has an average rating of “Hold”.

Electrolux Trading Down 2.3%

The company has a market cap of $710.53 million, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $13.02. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. Research analysts expect that Electrolux AB will post 0.05 earnings per share for the current 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.