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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.57, but opened at $12.09. Electrolux shares last traded at $12.13, with a volume of 2,490 shares.

Analyst Upgrades and Downgrades

ELUXY has been the subject of a number of research analyst reports. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research note on Friday, March 27th. Finally, Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Electrolux Trading Down 2.0%

The stock has a 50-day simple moving average of $12.09 and a two-hundred day simple moving average of $13.72. The firm has a market capitalization of $1.66 billion, a P/E ratio of 45.12 and a beta of 1.08. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (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 company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. On average, equities research analysts anticipate 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.