Electrolux (OTCMKTS:ELUXY) Stock Price Down 11.7% – Here’s Why

Electrolux AB (OTCMKTS:ELUXY)’s share price traded down 11.7% on Monday . The stock traded as low as $12.02 and last traded at $12.02. 4,101 shares changed hands during trading, a decline of 68% from the average session volume of 12,984 shares. The stock had previously closed at $13.61.

Analyst Ratings Changes

ELUXY has been the topic of a number of research reports. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Finally, Zacks Research raised Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock has a market capitalization of $1.74 billion, a P/E ratio of 18.37 and a beta of 1.15. The business has a 50-day moving average price of $15.55 and a 200 day moving average price of $13.55. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.66 and a current ratio of 0.96.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Friday, January 30th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Electrolux had a net margin of 0.69% and a return on equity of 10.82%. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.79 billion. As a group, sell-side analysts forecast that Electrolux AB will post 2.13 EPS 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.