Electrolux AB (OTCMKTS:ELUXY) Given Average Rating of “Reduce” by Brokerages

Electrolux AB (OTCMKTS:ELUXY) has been given an average rating of “Reduce” by the six research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

ELUXY has been the topic of a number of research reports. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st.

Electrolux Trading Up 2.2%

ELUXY opened at $12.57 on Wednesday. The stock has a market capitalization of $1.78 billion, a PE ratio of 48.35 and a beta of 1.08. The firm’s fifty day moving average price is $12.15 and its 200 day moving average price is $13.71. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. Electrolux has a 12-month low of $9.84 and a 12-month high of $19.83.

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