AB Electrolux (publ) (OTCMKTS:ELUXY) Reaches New 1-Year Low After Earnings Miss

AB Electrolux (publ) (OTCMKTS:ELUXY) reached a new 52-week low on Tuesday following a dissappointing earnings announcement. The stock traded as low as $12.17 and last traded at $12.67, with a volume of 6481 shares changing hands. The stock had previously closed at $15.36.

The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Wall Street Analyst Weigh In

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) Price Performance

The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -12.79 and a beta of 1.05. The stock’s fifty day moving average price is $16.16 and its two-hundred day moving average price is $16.74. The company has a current ratio of 0.93, a quick ratio of 0.64 and a debt-to-equity ratio of 3.27.

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.