Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Should You Sell?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.5350, but opened at $5.27. Electrolux shares last traded at $5.27, with a volume of 1,290 shares changing hands.

Analysts Set New Price Targets

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

Electrolux Stock Down 2.8%

The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $5.72 and a two-hundred day moving average of $9.94. The firm has a market capitalization of $743.08 million, a price-to-earnings ratio of -9.72, a price-to-earnings-growth ratio of 0.43 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. As a group, sell-side analysts anticipate that Electrolux AB will post 0.27 EPS for the current fiscal year.

About Electrolux

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.