Electrolux (OTCMKTS:ELUXY) Shares Gap Down – What’s Next?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.5350, but opened at $5.27. Electrolux shares last traded at $5.27, with a volume of 1,290 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock’s 50-day simple moving average is $5.72 and its 200-day simple moving average is $9.94. The stock has a market cap of $743.08 million, a price-to-earnings ratio of -9.72, a price-to-earnings-growth ratio of 0.43 and a beta of 1.16. 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 released its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. Analysts forecast that Electrolux AB will post 0.27 earnings per share for the current fiscal year.

Electrolux Company Profile

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.