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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped down prior to trading on Tuesday . The stock had previously closed at $14.7550, but opened at $13.56. Electrolux shares last traded at $13.56, with a volume of 136 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Electrolux in a research note on Tuesday, October 14th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 4.10, a current ratio of 1.01 and a quick ratio of 0.64. The stock’s 50 day moving average price is $13.12 and its two-hundred day moving average price is $12.60. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 33.07 and a beta of 1.13.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a net margin of 0.43% and a return on equity of 6.58%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $32.22 billion. On average, equities research analysts anticipate that Electrolux AB will post 2.13 EPS for the current year.

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.