Electrolux (OTCMKTS:ELUXY) Sets New 12-Month Low - Here's Why

Key Points

• Electrolux's stock price hit a new 52-week low of $11.62 during trading, indicating a significant drop from its previous close of $11.88.
• Analysts are wary of the company, with Barclays reissuing an "underweight" rating despite a consensus rating of "Moderate Buy" among analysts.
• Electrolux reported disappointing quarterly earnings, with earnings per share of $0.13, falling short of the $0.53 consensus estimate, and significant revenue misses.

Electrolux AB (OTCMKTS:ELUXY - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $11.62 and last traded at $11.62, with a volume of 220 shares trading hands. The stock had previously closed at $11.88.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an "underweight" rating on shares of Electrolux in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Electrolux Trading Up 2.5%

The stock has a fifty day moving average of $13.09 and a 200 day moving average of $14.24. The company has a market capitalization of $1.66 billion, a P/E ratio of 130.57 and a beta of 1.06. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.59 and a current ratio of 0.96.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last announced its earnings results on Friday, July 18th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.40). The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $33.03 billion. Electrolux had a return on equity of 1.61% and a net margin of 0.11%. As a group, equities research analysts anticipate that Electrolux AB will post 2.13 EPS for the current fiscal year.

About Electrolux

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.