Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Here’s What Happened

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Wednesday . The stock had previously closed at $14.72, but opened at $12.66. Electrolux shares last traded at $12.66, with a volume of 253 shares traded.

Wall Street Analyst Weigh In

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

Electrolux Stock Up 2.9%

The stock has a market capitalization of $1.84 billion, a P/E ratio of 50.10 and a beta of 1.08. The company’s 50-day moving average price is $12.16 and its 200 day moving average price is $13.67. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. As a group, equities analysts expect that Electrolux AB will post -0.07 earnings per share for the current year.

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.