Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Here’s Why

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.6250, but opened at $11.13. Electrolux shares last traded at $11.17, with a volume of 231 shares traded.

Wall Street Analysts Forecast Growth

ELUXY has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Citigroup restated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Finally, Zacks Research downgraded Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Electrolux has an average rating of “Reduce”.

Electrolux Trading Down 5.4%

The firm has a 50 day simple moving average of $13.31 and a 200 day simple moving average of $13.80. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $1.57 billion, a PE ratio of 42.69 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.20%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Equities analysts expect that Electrolux AB will post -0.07 earnings per share for the current fiscal 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.