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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Tuesday . The stock had previously closed at $5.13, but opened at $4.66. Electrolux shares last traded at $4.66, with a volume of 513 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ELUXY. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Electrolux Stock Down 2.3%

The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The company has a fifty day moving average price of $9.79 and a 200 day moving average price of $12.78. The company has a market cap of $656.75 million, a PE ratio of 17.85, a price-to-earnings-growth ratio of 0.76 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. As a group, analysts anticipate that Electrolux AB will post 0.18 EPS 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.