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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.3560, but opened at $5.94. Electrolux shares last traded at $5.96, with a volume of 4,645 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Electrolux presently has an average rating of “Hold”.

Electrolux Trading Down 6.1%

The firm’s 50-day simple moving average is $6.60 and its 200 day simple moving average is $11.10. The stock has a market cap of $844.99 million, a P/E ratio of -11.06, a PEG ratio of 0.49 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 0.60 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. As a group, equities research analysts anticipate that Electrolux AB will post 0.27 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.