Electrolux (OTCMKTS:ELUXY) Shares Down 5% – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY – Get Free Report) was down 5% during mid-day trading on Friday. The company traded as low as $5.0250 and last traded at $5.0250. Approximately 854 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 8,247 shares. The stock had previously closed at $5.2910.

Analyst Upgrades and Downgrades

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

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Electrolux Stock Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. The stock’s 50-day moving average price is $5.77 and its 200 day moving average price is $9.06. The firm has a market cap of $707.70 million, a P/E ratio of -9.26, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced 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 business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. As a group, equities analysts predict that Electrolux AB will post 0.26 EPS for the current 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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