Electrolux (OTCMKTS:ELUXY) Trading Down 6.2% – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) traded down 6.2% during trading on Friday . The stock traded as low as $5.96 and last traded at $5.96. 199 shares were traded during mid-day trading, a decline of 98% from the average session volume of 8,913 shares. The stock had previously closed at $6.3560.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Electrolux has a consensus rating of “Hold”.

Electrolux Stock Performance

The business has a fifty day moving average of $6.49 and a 200 day moving average of $11.01. The company has a market cap of $836.71 million, a P/E ratio of -10.95, a P/E/G ratio of 0.49 and a beta of 1.16. The company has a quick ratio of 0.60, a current ratio of 1.04 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.21. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, equities analysts predict that Electrolux AB will post 0.27 EPS for the current 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.