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

by · The Cerbat Gem

Electrolux AB (OTCMKTS:ELUXY – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $16.73, but opened at $14.5050. Electrolux shares last traded at $14.50, with a volume of 546 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Citigroup reissued a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. Finally, Zacks Research raised Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Read Our Latest Research Report on Electrolux

Electrolux Stock Down 7.1%

The firm’s 50-day simple moving average is $15.68 and its 200-day simple moving average is $13.32. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.66 and a current ratio of 0.96. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 21.79 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last released its earnings results on Friday, January 30th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. Sell-side analysts forecast that Electrolux AB will post 2.13 earnings per share for the current year.

Electrolux Company Profile

(Get Free Report)

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.

See Also