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

Electrolux AB (OTCMKTS:ELUXY) shares gapped down before the market opened on Monday . The stock had previously closed at $6.58, but opened at $6.30. Electrolux shares last traded at $6.30, with a volume of 143 shares trading hands.

Analyst Upgrades and Downgrades

ELUXY has been the subject of several research analyst reports. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Electrolux has a consensus rating of “Hold”.

Electrolux Stock Down 4.3%

The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The company has a fifty day moving average price of $8.29 and a 200-day moving average price of $11.95. The stock has a market capitalization of $891.70 million, a P/E ratio of -11.67, a PEG ratio of 0.51 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a positive return on equity of 8.42% and a negative net margin of 1.14%.The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.23 billion. As a group, research analysts forecast that Electrolux AB will post 0.27 EPS 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.