Electrolux (OTCMKTS:ELUXY) Shares Down 1.5% – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY)’s stock price traded down 1.5% during trading on Friday . The company traded as low as $11.97 and last traded at $12.15. 4,104 shares traded hands during trading, an increase of 24% from the average session volume of 3,316 shares. The stock had previously closed at $12.34.

Analysts Set New Price Targets

Several equities analysts have weighed in on ELUXY shares. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft started coverage on Electrolux in a research note on Tuesday, October 14th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Electrolux Stock Down 1.5%

The firm has a fifty day moving average price of $11.66 and a 200-day moving average price of $12.73. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 4.02. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 135.02 and a beta of 1.13.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a return on equity of 1.61% and a net margin of 0.11%.The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $32.22 billion. As a group, sell-side analysts forecast that Electrolux AB will post 2.13 EPS for the current year.

Electrolux Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.