Electrolux AB (ELUXY) Cut to Hold at Zacks Investment Research
Electrolux AB (NASDAQ:ELUXY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “
Electrolux AB (NASDAQ ELUXY) traded up 0.16% on Tuesday, reaching $70.61. The company’s stock had a trading volume of 5,198 shares. The company has a market capitalization of $10.15 billion and a price-to-earnings ratio of 16.51. Electrolux AB has a 1-year low of $44.24 and a 1-year high of $72.89. The firm’s 50 day moving average price is $70.65 and its 200-day moving average price is $63.81.
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About Electrolux AB
AB Electrolux provides household appliances and appliances for professional use. The Company offers designs and sustainable solutions, under brands including Electrolux, AEG, Zanussi and Frigidaire. The Company’s segments include Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances and Professional Products.
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