Electrolux (OTCMKTS:ELUXY) Shares Gap Down After Analyst Downgrade

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Tuesday after Rothschild & Co Redburn downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $13.7650, but opened at $13.27. Electrolux shares last traded at $13.1720, with a volume of 1,135 shares changing hands.

A number of other research analysts also recently weighed in on ELUXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Zacks Research cut Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Citigroup reissued a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Electrolux currently has a consensus rating of “Reduce”.

Electrolux Trading Down 4.3%

The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.66 and a beta of 1.20. The business has a 50-day moving average of $14.82 and a two-hundred day moving average of $13.78.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.79 billion. Research analysts predict that Electrolux AB will post 1.57 EPS for the current fiscal 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.