Electrolux (OTCMKTS:ELUXY) Shares Gap Down – What’s Next?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.31, but opened at $6.00. Electrolux shares last traded at $6.00, with a volume of 229 shares trading hands.

Wall Street Analysts Forecast Growth

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

Electrolux Stock Performance

The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The stock has a fifty day simple moving average of $11.07 and a 200 day simple moving average of $13.41. The firm has a market capitalization of $842.16 million, a P/E ratio of 22.88, a PEG ratio of 31.56 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 the consensus estimate of $0.23 by ($0.61). The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

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.