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

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $5.08, but opened at $4.89. Electrolux shares last traded at $4.89, with a volume of 102 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised 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 MarketBeat, the company has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock has a market capitalization of $699.21 million, a PE ratio of -9.15, a PEG ratio of 0.38 and a beta of 1.22. The business’s 50 day moving average is $5.77 and its 200 day moving average is $8.88. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, equities research analysts predict that Electrolux AB will post 0.26 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.

Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.

Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.