Electrolux (OTCMKTS:ELUXY) Stock Price Down 7.5% – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY)’s stock price traded down 7.5% during trading on Monday . The company traded as low as $15.48 and last traded at $15.48. 5,509 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 12,305 shares. The stock had previously closed at $16.73.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ELUXY shares. Citigroup reissued a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Electrolux currently has an average rating of “Hold”.

Electrolux Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 22.46 and a beta of 1.15. The company has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $13.34.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.79 billion. As a group, research analysts predict that Electrolux AB will post 2.13 EPS 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.