Electrolux (OTCMKTS:ELUXY) Shares Gap Down – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) shares gapped down before the market opened on Monday . The stock had previously closed at $6.4250, but opened at $6.13. Electrolux shares last traded at $6.13, with a volume of 355 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Electrolux Stock Performance

The company has a market capitalization of $839.33 million, a P/E ratio of -10.98, a price-to-earnings-growth ratio of 0.48 and a beta of 1.16. The firm has a 50 day moving average price of $7.34 and a two-hundred day moving average price of $11.55. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a positive return on equity of 8.42% and a negative net margin of 1.14%. On average, research analysts expect that Electrolux AB will post 0.27 earnings per share 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.