Electrolux (OTCMKTS:ELUXY) Shares Gap Down After Analyst Downgrade

Electrolux AB (OTCMKTS:ELUXY) gapped down before the market opened on Tuesday after Rothschild & Co Redburn downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $13.7650, but opened at $13.27. Electrolux shares last traded at $13.1720, with a volume of 1,135 shares trading hands.

Several other equities analysts have also weighed in on ELUXY. Citigroup reiterated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Zacks Research lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Electrolux presently has an average rating of “Reduce”.

Electrolux Stock Performance

The firm’s fifty day moving average price is $14.68 and its 200 day moving average price is $13.79. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.21 and a beta of 1.20.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.79 billion. Analysts forecast that Electrolux AB will post 1.57 EPS for the current fiscal year.

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.