Electrolux (OTCMKTS:ELUXY) Shares Gap Down – Time to Sell?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $12.7550, but opened at $12.30. Electrolux shares last traded at $12.30, with a volume of 1,894 shares.

Wall Street Analysts Forecast Growth

ELUXY has been the topic of a number of analyst reports. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Electrolux currently has an average rating of “Reduce”.

Electrolux Stock Down 4.5%

The stock’s fifty day moving average price is $12.15 and its 200 day moving average price is $13.71. The stock has a market cap of $1.74 billion, a P/E ratio of 47.31 and a beta of 1.08. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. As a group, research analysts forecast that Electrolux AB will post -0.07 earnings per share 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.