AB Electrolux (publ) (OTCMKTS:ELUXY) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

AB Electrolux (publ) (OTCMKTS:ELUXY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.92 and traded as low as $13.29. AB Electrolux (publ) shares last traded at $13.31, with a volume of 3,558 shares changing hands.

Analysts Set New Price Targets

Separately, Redburn Atlantic raised AB Electrolux (publ) from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st.

AB Electrolux (publ) Stock Down 2.3%

The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -13.44 and a beta of 1.18. The company has a current ratio of 0.93, a quick ratio of 0.64 and a debt-to-equity ratio of 3.27. The firm has a 50 day moving average price of $14.92 and a 200-day moving average price of $16.24.

AB Electrolux (publ) (OTCMKTS:ELUXY) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.39). The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $32.42 billion. AB Electrolux (publ) had a negative return on equity of 14.19% and a negative net margin of 1.04%. On average, equities analysts forecast that AB Electrolux will post 2.13 EPS for the current year.

AB Electrolux (publ) Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.