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

Electrolux AB (OTCMKTS:ELUXY) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.31, but opened at $6.00. Electrolux shares last traded at $6.00, with a volume of 229 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ELUXY shares. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Electrolux Stock 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 business has a 50 day simple moving average of $11.35 and a two-hundred day simple moving average of $13.52. The firm has a market cap of $857.02 million, a PE ratio of 23.29, a price-to-earnings-growth ratio of 33.47 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last issued its 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). The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

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.