Electrolux (OTCMKTS:ELUXY) Stock Price Down 5% – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) dropped 5% during trading on Friday. The company traded as low as $5.0250 and last traded at $5.0250. 854 shares traded hands during trading, a decline of 90% from the average daily volume of 8,247 shares. The stock had previously closed at $5.2910.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Electrolux Stock Down 1.6%

The company has a 50-day moving average of $5.77 and a two-hundred day moving average of $9.06. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. The company has a market capitalization of $707.70 million, a PE ratio of -9.26, a P/E/G ratio of 0.42 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. Sell-side analysts anticipate that Electrolux AB will post 0.26 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.