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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.57, but opened at $12.09. Electrolux shares last traded at $12.13, with a volume of 2,490 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on ELUXY shares. Zacks Research downgraded Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Electrolux Trading Down 2.0%

The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 45.12 and a beta of 1.08. The company has a fifty day moving average price of $12.09 and a 200-day moving average price of $13.72. 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 issued its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. As a group, research analysts expect that Electrolux AB will post -0.07 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.