Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) shares gapped down before the market opened on Thursday . The stock had previously closed at $6.3560, but opened at $5.94. Electrolux shares last traded at $5.96, with a volume of 4,645 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Electrolux Trading Down 1.8%

The firm’s 50 day simple moving average is $6.38 and its 200-day simple moving average is $10.97. The company has a quick ratio of 0.60, a current ratio of 1.04 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $836.71 million, a PE ratio of -10.95, a P/E/G ratio of 0.47 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. As a group, equities research analysts anticipate that Electrolux AB will post 0.27 EPS for the current year.

About Electrolux

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.