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

Electrolux AB (OTCMKTS:ELUXY – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $12.7550, but opened at $12.30. Electrolux shares last traded at $12.30, with a volume of 1,894 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ELUXY shares. Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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Electrolux Stock Down 4.5%

The company has a market cap of $1.74 billion, a PE ratio of 47.31 and a beta of 1.08. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The stock’s 50 day moving average price is $12.15 and its 200-day moving average price is $13.71.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. On average, analysts predict that Electrolux AB will post -0.07 earnings per share for the current year.

Electrolux Company Profile

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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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