Electrolux (OTCMKTS:ELUXY) Shares Gap Down – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Thursday . The stock had previously closed at $11.47, but opened at $11.0201. Electrolux shares last traded at $11.0201, with a volume of 165 shares.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ELUXY. Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Electrolux has an average rating of “Reduce”.

Electrolux Stock Performance

The company’s 50-day moving average is $12.15 and its two-hundred day moving average is $13.64. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The company has a market cap of $1.71 billion, a P/E ratio of 46.49 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. Equities analysts predict that Electrolux AB will post -0.07 EPS 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.