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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $12.7550, but opened at $12.30. Electrolux shares last traded at $12.30, with a volume of 1,894 shares.

Analyst Upgrades and Downgrades

ELUXY has been the topic of several analyst reports. Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Electrolux Stock Up 2.2%

The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The stock has a market cap of $1.78 billion, a P/E ratio of 48.35 and a beta of 1.08. The stock’s fifty day simple moving average is $12.15 and its 200-day simple moving average is $13.71.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. As a group, research analysts forecast that Electrolux AB will post -0.07 earnings per share for the current fiscal 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.