Electrolux (OTCMKTS:ELUXY) Reaches New 12-Month Low – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) reached a new 52-week low on Monday . The company traded as low as $4.90 and last traded at $4.90, with a volume of 5600 shares trading hands. The stock had previously closed at $5.30.

Analysts Set New Price Targets

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

Electrolux Stock Performance

The company has a market cap of $693.55 million, a PE ratio of 18.85, a PEG ratio of 0.76 and a beta of 1.15. The business’s 50-day moving average is $9.92 and its 200 day moving average is $12.84. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94.

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). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. On average, equities research analysts predict that Electrolux AB will post 0.18 EPS for the current fiscal 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.