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

Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Monday . The stock had previously closed at $14.78, but opened at $13.97. Electrolux shares last traded at $13.82, with a volume of 907 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Citigroup restated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Electrolux Stock Down 5.5%

The company has a debt-to-equity ratio of 3.57, a current ratio of 0.96 and a quick ratio of 0.66. The business’s fifty day moving average price is $15.80 and its two-hundred day moving average price is $13.39. The stock has a market capitalization of $1.98 billion, a PE ratio of 20.86 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. On average, equities research 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.