Electrolux (OTCMKTS:ELUXY) Shares Gap Down – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Tuesday . The stock had previously closed at $16.73, but opened at $14.5050. Electrolux shares last traded at $14.50, with a volume of 546 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ELUXY shares. Zacks Research upgraded shares of Electrolux from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Citigroup restated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Electrolux Trading Down 7.1%

The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 21.79 and a beta of 1.15. The company has a fifty day moving average price of $15.68 and a 200-day moving average price of $13.32. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57.

Electrolux (OTCMKTS:ELUXY) last posted 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 business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.79 billion. On average, equities research analysts predict that Electrolux AB will post 2.13 EPS for the current 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.