Electrolux (OTCMKTS:ELUXY) Sets New 12-Month Low - What's Next?

Key Points

• Electrolux shares have hit a new 52-week low at $11.71 amid concerns over recent performance.
• Analysts have assigned Electrolux a consensus rating of "Moderate Buy", but Barclays has reaffirmed an "underweight" rating.
• The company reported a significant earnings miss with $0.13 EPS compared to the expected $0.53, highlighting ongoing challenges in its financial performance.

Electrolux AB (OTCMKTS:ELUXY - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $11.71 and last traded at $11.71, with a volume of 9217 shares traded. The stock had previously closed at $12.64.

Analyst Ratings Changes

Separately, Barclays reaffirmed an "underweight" rating on shares of Electrolux in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Electrolux Trading Down 1.4%

The business's 50-day moving average price is $13.32 and its two-hundred day moving average price is $14.44. The company has a market capitalization of $1.68 billion, a P/E ratio of 132.01 and a beta of 1.11. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.96 and a quick ratio of 0.59.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.40). The firm had revenue of $3.20 billion for 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, analysts forecast 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.