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

Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Thursday . The stock had previously closed at $11.47, but opened at $11.0201. Electrolux shares last traded at $11.0201, with a volume of 165 shares trading hands.

Wall Street Analysts Forecast Growth

ELUXY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Electrolux Price Performance

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 market cap of $1.56 billion, a PE ratio of 42.39 and a beta of 1.05. The stock has a 50-day simple moving average of $12.23 and a 200 day simple moving average of $13.66.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.40 billion. Equities analysts expect that Electrolux AB will post -0.07 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.