Electrolux (OTCMKTS:ELUXY) Shares Gap Down – What’s Next?

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Wednesday . The stock had previously closed at $5.99, but opened at $5.44. Electrolux shares last traded at $5.44, with a volume of 1,116 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ELUXY shares. Rothschild & Co Redburn downgraded 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 upgraded Electrolux to a “hold” rating in a report on Friday, March 27th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Electrolux Stock Performance

The firm’s fifty day simple moving average is $10.88 and its 200 day simple moving average is $13.31. The company has a market capitalization of $743.09 million, a price-to-earnings ratio of 20.19, a PEG ratio of 2.89 and a beta of 1.15. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.40 billion. On average, sell-side analysts forecast that Electrolux AB will post 0.05 EPS 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.