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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $5.99, but opened at $5.44. Electrolux shares last traded at $5.44, with a volume of 1,116 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a 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, Electrolux currently has a consensus rating of “Hold”.

Electrolux Stock Performance

The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The company has a market cap of $743.09 million, a P/E ratio of 20.19, a P/E/G ratio of 2.89 and a beta of 1.15. The firm has a 50 day moving average price of $10.88 and a 200-day moving average price of $13.31.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, research analysts predict that Electrolux AB will post 0.05 EPS for the current year.

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.