Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Should You Sell?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $14.78, but opened at $13.97. Electrolux shares last traded at $13.82, with a volume of 907 shares traded.

Wall Street Analysts Forecast Growth

ELUXY has been the subject of several recent research reports. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Citigroup reissued a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Electrolux Stock Performance

The company has a 50 day simple moving average of $15.82 and a 200-day simple moving average of $13.41. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.96 and a quick ratio of 0.66. The stock has a market cap of $2.06 billion, a P/E ratio of 21.75 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Electrolux had a net margin of 0.69% and a return on equity of 10.82%. On average, equities analysts expect that Electrolux AB will post 2.13 earnings per share for the current fiscal year.

About Electrolux

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.