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

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $14.72, but opened at $12.66. Electrolux shares last traded at $12.66, with a volume of 253 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Rothschild & Co Redburn downgraded shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research downgraded shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Electrolux Stock Up 3.2%

The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 48.69 and a beta of 1.08. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19. The stock’s 50-day moving average price is $12.18 and its 200-day moving average price is $13.66.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. On average, sell-side analysts expect that Electrolux AB will post -0.07 earnings per share 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.