Electrolux (OTCMKTS:ELUXY) Sets New 52-Week Low – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.34 and last traded at $6.50, with a volume of 2550 shares trading hands. The stock had previously closed at $12.12.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Electrolux presently has a consensus rating of “Reduce”.

Electrolux Trading Down 49.2%

The firm has a market capitalization of $871.89 million, a price-to-earnings ratio of 23.69, a PEG ratio of 64.28 and a beta of 1.08. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The company has a 50-day moving average price of $11.81 and a 200-day moving average price of $13.66.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%.

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.