Electrolux (OTCMKTS:ELUXY) Hits New 52-Week Low – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) shares reached a new 52-week low on Tuesday . The company traded as low as $5.6525 and last traded at $5.6525, with a volume of 514 shares. The stock had previously closed at $5.95.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Electrolux Stock Performance

The company has a market capitalization of $801.12 million, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 31.56 and a beta of 1.15. The firm has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $13.36. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94.

Electrolux (OTCMKTS:ELUXY) last posted its 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). The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%.

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.