Electrolux (OTCMKTS:ELUXY) Sets New 52-Week Low – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) reached a new 52-week low during trading on Monday . The company traded as low as $6.34 and last traded at $6.50, with a volume of 2550 shares changing hands. The stock had previously closed at $12.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ELUXY shares. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Electrolux Price Performance

The firm has a market capitalization of $871.89 million, a price-to-earnings ratio of 23.69, a P/E/G ratio of 64.28 and a beta of 1.08. The company has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $13.66. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last announced 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). The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

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.