Electrolux (OTCMKTS:ELUXY) Shares Down 6.2% – Time to Sell?

Electrolux AB (OTCMKTS:ELUXY) dropped 6.2% during mid-day trading on Friday . The company traded as low as $5.96 and last traded at $5.96. Approximately 199 shares changed hands during trading, a decline of 98% from the average daily volume of 8,913 shares. The stock had previously closed at $6.3560.

Analyst Ratings Changes

Separately, Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Electrolux Stock Down 1.8%

The company has a market cap of $836.71 million, a PE ratio of -10.95, a PEG ratio of 0.49 and a beta of 1.16. The stock’s 50 day moving average price is $6.49 and its 200-day moving average price is $11.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.60 and a current ratio of 1.04.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, analysts predict that Electrolux AB will post 0.27 earnings per share for the current 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.