Electrolux (OTCMKTS:ELUXY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.74 and traded as low as $5.5005. Electrolux shares last traded at $5.5350, with a volume of 1,334 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Electrolux Stock Performance

The company has a market capitalization of $783.42 million, a P/E ratio of -10.25, a P/E/G ratio of 0.43 and a beta of 1.16. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04. The business’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $10.07.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%.The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. As a group, equities analysts anticipate that Electrolux AB will post 0.27 earnings per share for the current fiscal 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.