Electrolux (OTCMKTS:ELUXY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Electrolux (OTCMKTS:ELUXY) from a hold rating to a sell rating in a research note released on Monday, Zacks.com reports.

According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “

Separately, ValuEngine lowered Electrolux from a hold rating to a sell rating in a research note on Thursday, August 1st.

OTCMKTS:ELUXY opened at $44.87 on Monday. The stock’s fifty day moving average is $48.84 and its 200 day moving average is $49.69. Electrolux has a fifty-two week low of $37.49 and a fifty-two week high of $53.74. The firm has a market capitalization of $7.27 billion, a PE ratio of 15.74, a PEG ratio of 12.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 0.94.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Thursday, July 18th. The company reported $0.83 earnings per share for the quarter. Electrolux had a return on equity of 17.77% and a net margin of 3.13%. The company had revenue of $3.36 billion for the quarter. Equities analysts forecast that Electrolux will post 3.41 EPS for the current year.

About Electrolux

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for professional use. It operates through six segments: Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Home Care & SDA; and Professional Products.

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