Electrolux AB (OTCMKTS:ELUXY) Given Consensus Recommendation of “Reduce” by Brokerages

Electrolux AB (OTCMKTS:ELUXY) has earned a consensus rating of “Reduce” from the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several research firms recently commented on ELUXY. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th.

Electrolux Price Performance

OTCMKTS:ELUXY opened at $12.76 on Wednesday. Electrolux has a one year low of $9.84 and a one year high of $19.83. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The stock has a market cap of $1.81 billion, a PE ratio of 49.06 and a beta of 1.08. The stock has a 50 day moving average price of $12.14 and a 200 day moving average price of $13.70.

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 company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Equities research analysts expect that Electrolux will post -0.07 EPS for the current fiscal 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.