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

Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Thursday . The stock had previously closed at $6.31, but opened at $6.00. Electrolux shares last traded at $6.00, with a volume of 229 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a report on Friday, March 27th. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Electrolux Price Performance

The firm’s 50-day moving average price is $11.35 and its two-hundred day moving average price is $13.52. The stock has a market cap of $857.02 million, a PE ratio of 23.29, a PEG ratio of 33.47 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion.

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.