Electrolux (OTCMKTS:ELUXY) Stock Price Down 3.7% After Earnings Miss

Electrolux AB (OTCMKTS:ELUXY) was down 3.7% during trading on Monday after the company announced weaker than expected quarterly earnings. The stock traded as low as $12.24 and last traded at $12.24. Approximately 170 shares changed hands during trading, a decline of 94% from the average daily volume of 2,962 shares. The stock had previously closed at $12.71.

The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.40). Electrolux had a return on equity of 1.61% and a net margin of 0.11%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $33.03 billion.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “underweight” rating on shares of Electrolux in a research note on Wednesday, June 18th.

Electrolux Price Performance

The firm’s fifty day moving average price is $13.78 and its 200-day moving average price is $15.52. The stock has a market cap of $1.71 billion, a P/E ratio of 134.24 and a beta of 1.14. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.91.

Electrolux 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.