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

Electrolux AB (OTCMKTS:ELUXY) reached a new 52-week low on Monday . The stock traded as low as $4.90 and last traded at $4.90, with a volume of 5600 shares. The stock had previously closed at $5.30.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Electrolux has an average rating of “Hold”.

Electrolux Stock Down 2.3%

The firm’s 50-day simple moving average is $9.67 and its 200-day simple moving average is $12.71. 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 market capitalization of $656.75 million, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Sell-side analysts forecast that Electrolux AB will post 0.18 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.