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

Electrolux AB (OTCMKTS:ELUXY – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.5350, but opened at $5.27. Electrolux shares last traded at $5.27, with a volume of 1,290 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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Electrolux Trading Up 2.5%

The company has a market cap of $761.49 million, a PE ratio of -9.96, a P/E/G ratio of 0.41 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62. The business’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $9.78.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. As a group, analysts expect that Electrolux AB will post 0.27 EPS for the current fiscal year.

About Electrolux

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Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.

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