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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Tuesday . The stock had previously closed at $14.7550, but opened at $13.56. Electrolux shares last traded at $13.56, with a volume of 136 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Electrolux in a report on Tuesday, October 14th. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electrolux presently has a consensus rating of “Hold”.

Electrolux Trading Down 8.1%

The firm has a market capitalization of $1.92 billion, a P/E ratio of 33.07 and a beta of 1.13. The business’s 50 day moving average is $13.12 and its two-hundred day moving average is $12.60. The company has a quick ratio of 0.64, a current ratio of 1.01 and a debt-to-equity ratio of 4.10.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.36). The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $32.22 billion. Electrolux had a net margin of 0.43% and a return on equity of 6.58%. Analysts expect that Electrolux AB will post 2.13 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.