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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Tuesday . The stock had previously closed at $5.13, but opened at $4.66. Electrolux shares last traded at $4.66, with a volume of 513 shares.

Analysts Set New Price Targets

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

Electrolux Stock Up 7.1%

The company has a market capitalization of $703.45 million, a price-to-earnings ratio of 19.12, a PEG ratio of 0.68 and a beta of 1.15. The stock’s fifty day simple moving average is $9.54 and its two-hundred day simple moving average is $12.65. 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 posted its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, sell-side analysts predict that Electrolux AB will post 0.18 earnings per share for the current fiscal 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.