Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Time to Sell?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $6.3560, but opened at $5.94. Electrolux shares last traded at $5.96, with a volume of 4,645 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Electrolux presently has a consensus rating of “Hold”.

Electrolux Trading Down 6.1%

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.60. The business’s fifty day simple moving average is $6.60 and its 200 day simple moving average is $11.10. The stock has a market cap of $844.99 million, a price-to-earnings ratio of -11.06, a P/E/G ratio of 0.49 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 6.76%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. On average, research analysts predict that Electrolux AB will post 0.27 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.