Electrolux (OTCMKTS:ELUXY) Hits New 52-Week Low – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.6525 and last traded at $5.6525, with a volume of 514 shares changing hands. The stock had previously closed at $5.95.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ELUXY. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Trading Down 5.5%

The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The company’s 50 day moving average is $10.96 and its two-hundred day moving average is $13.36. The firm has a market cap of $801.12 million, a P/E ratio of 21.77, a PEG ratio of 31.56 and a beta of 1.15.

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

Electrolux Company Profile

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.