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

Shares of Electrolux AB (OTCMKTS:ELUXY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $5.99, but opened at $5.44. Electrolux shares last traded at $5.44, with a volume of 1,116 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ELUXY shares. Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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Electrolux Trading Up 4.6%

The firm has a market cap of $765.73 million, a PE ratio of 20.81, a PEG ratio of 2.49 and a beta of 1.15. The business has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $13.20. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last released 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 return on equity of 4.03% and a net margin of 0.27%.The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Analysts forecast that Electrolux AB will post 0.05 EPS for the current year.

Electrolux Company Profile

(Get Free Report)

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.

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