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

Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Monday . The stock had previously closed at $6.58, but opened at $6.30. Electrolux shares last traded at $6.30, with a volume of 143 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on ELUXY shares. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Electrolux Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The firm’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $11.95. The company has a market capitalization of $891.70 million, a PE ratio of -11.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share 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 8.42%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. As a group, research analysts anticipate that Electrolux AB will post 0.27 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.