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

Electrolux AB (OTCMKTS:ELUXY) shares gapped down prior to trading on Thursday . The stock had previously closed at $11.47, but opened at $11.0201. Electrolux shares last traded at $11.0201, with a volume of 165 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Electrolux has a consensus rating of “Reduce”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The stock has a 50 day moving average price of $12.23 and a 200-day moving average price of $13.66. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 42.39 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. On average, analysts forecast that Electrolux AB will post -0.07 earnings per share for the current year.

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.