Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Here’s Why

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $13.61, but opened at $12.88. Electrolux shares last traded at $12.92, with a volume of 3,870 shares.

Analyst Ratings Changes

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

Electrolux Price Performance

The company has a debt-to-equity ratio of 3.57, a current ratio of 0.96 and a quick ratio of 0.66. The company has a market capitalization of $1.80 billion, a PE ratio of 19.00 and a beta of 1.15. The firm has a 50-day moving average of $15.62 and a 200 day moving average of $13.53.

Electrolux (OTCMKTS:ELUXY) last issued 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 business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. As a group, research analysts anticipate that Electrolux AB will post 2.13 earnings per share for the current fiscal year.

Electrolux Company Profile

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.