AB Electrolux (publ) (OTCMKTS:ELUXY) Hits New 12-Month Low After Earnings Miss

AB Electrolux (publ) (OTCMKTS:ELUXY)’s stock price reached a new 52-week low during trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $12.17 and last traded at $12.67, with a volume of 6481 shares. The stock had previously closed at $15.36.

The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.39). AB Electrolux (publ) had a negative net margin of 1.04% and a negative return on equity of 14.19%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $32.42 billion.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic upgraded shares of AB Electrolux (publ) from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st.

AB Electrolux (publ) Stock Performance

The company’s fifty day simple moving average is $16.05 and its 200 day simple moving average is $16.71. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -12.53 and a beta of 1.05.

AB Electrolux (publ) Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.