Electrolux (OTCMKTS:ELUXY) Trading Down 11.7% – Should You Sell?

Electrolux AB (OTCMKTS:ELUXY) was down 11.7% during mid-day trading on Monday . The stock traded as low as $12.02 and last traded at $12.02. Approximately 4,101 shares were traded during trading, a decline of 68% from the average daily volume of 12,984 shares. The stock had previously closed at $13.61.

Wall Street Analyst Weigh In

Several research firms have recently commented on ELUXY. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Electrolux Stock Performance

The business’s fifty day simple moving average is $15.62 and its 200-day simple moving average is $13.55. The firm has a market cap of $1.72 billion, a P/E ratio of 18.09 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, January 30th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Electrolux had a net margin of 0.69% and a return on equity of 10.82%. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.79 billion. As a group, sell-side analysts expect that Electrolux AB will post 2.13 earnings per share 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.