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

Electrolux AB (OTCMKTS:ELUXY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $5.4550, but opened at $5.25. Electrolux shares last traded at $5.25, with a volume of 361 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. The stock’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $9.23. The firm has a market capitalization of $743.09 million, a price-to-earnings ratio of -9.72, a PEG ratio of 0.43 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, equities research analysts anticipate that Electrolux AB will post 0.26 EPS for the current year.

Electrolux Company Profile

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.