Electrolux (OTCMKTS:ELUXY) Reaches New 52-Week Low – What’s Next?

Shares of Electrolux AB (OTCMKTS:ELUXY) reached a new 52-week low on Monday . The company traded as low as $6.34 and last traded at $6.50, with a volume of 2550 shares. The stock had previously closed at $12.12.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Rothschild & Co Redburn downgraded shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Electrolux Stock Performance

The company has a market cap of $891.70 million, a PE ratio of 24.23, a PEG ratio of 33.34 and a beta of 1.08. The stock has a 50 day simple moving average of $11.50 and a two-hundred day simple moving average of $13.57. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion.

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.