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

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $19.67, but opened at $17.98. Electrolux shares last traded at $17.98, with a volume of 376 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research raised shares of Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Finally, Citigroup reissued a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Electrolux has a consensus rating of “Hold”.

Electrolux Trading Down 5.8%

The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 27.45 and a beta of 1.15. The business’s fifty day moving average is $14.70 and its 200 day moving average is $12.90. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.79 billion. Equities analysts predict that Electrolux AB will post 2.13 earnings per share for the current year.

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.