Electrolux (ELUXY) Downgraded by Zacks Investment Research to Sell

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Electrolux (OTCMKTS:ELUXY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued to investors on Friday.

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. “

A number of other research firms have also commented on ELUXY. Morgan Stanley lowered Electrolux from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, December 5th. ValuEngine raised Electrolux from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th.

OTCMKTS ELUXY traded up $0.18 on Friday, reaching $45.70. The company had a trading volume of 2,687 shares, compared to its average volume of 4,537. The firm has a market capitalization of $7.02 billion, a P/E ratio of 9.81 and a beta of 0.88. Electrolux has a 52-week low of $37.49 and a 52-week high of $71.45. The company has a current ratio of 0.95, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, October 26th. The company reported $0.90 EPS for the quarter. The business had revenue of $3.40 billion during the quarter. Electrolux had a return on equity of 19.80% and a net margin of 3.41%. As a group, sell-side analysts predict that Electrolux will post 3.73 EPS for the current fiscal year.

Electrolux Company Profile

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 & Small Domestics Appliances; and Professional Products.

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