AB Electrolux (publ) (OTCMKTS:ELUXY) Reaches New 52-Week Low After Earnings Miss

AB Electrolux (publ) (OTCMKTS:ELUXY) shares hit a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $12.17 and last traded at $12.67, with a volume of 6481 shares traded. The stock had previously closed at $15.36.

The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.39). AB Electrolux (publ) had a negative net margin of 1.04% and a negative return on equity of 14.19%.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic upgraded AB Electrolux (publ) from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st.

AB Electrolux (publ) Price Performance

The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.64 and a current ratio of 0.93. The stock has a market capitalization of $1.79 billion, a PE ratio of -12.79 and a beta of 1.05. The company’s fifty day simple moving average is $16.16 and its two-hundred day simple moving average is $16.74.

AB Electrolux (publ) Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.