Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Should You Sell?

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Tuesday. The stock had previously closed at $5.4550, but opened at $5.25. Electrolux shares last traded at $5.25, with a volume of 361 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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, Based on data from MarketBeat, Electrolux presently has an average rating of “Hold”.

Electrolux Stock Up 0.7%

The firm has a market cap of $748.89 million, a P/E ratio of -9.80, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16. The firm’s 50 day moving average is $5.77 and its two-hundred day moving average is $9.11. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.23 billion. As a group, research analysts anticipate that Electrolux AB will post 0.26 EPS for the current fiscal year.

About Electrolux

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.