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Electrolux (OTCMKTS:ELUXY) Shares Gap Down Following Weak Earnings

Electrolux logo with Consumer Discretionary background

Electrolux AB (OTCMKTS:ELUXY - Get Free Report) gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $14.80, but opened at $12.64. Electrolux shares last traded at $12.64, with a volume of 1,165 shares traded.

The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.40). The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $33.03 billion. Electrolux had a net margin of 0.11% and a return on equity of 1.61%.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an "underweight" rating on shares of Electrolux in a research note on Wednesday, June 18th.

View Our Latest Stock Report on Electrolux

Electrolux Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.91. The company has a market cap of $1.71 billion, a P/E ratio of 134.24 and a beta of 1.14. The company's 50-day moving average price is $13.78 and its two-hundred day moving average price is $15.52.

About Electrolux

(Get Free Report)

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.

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