AB Electrolux (publ) (OTCMKTS:ELUXY) Share Price Passes Below 50-Day Moving Average – Here’s Why

AB Electrolux (publ) (OTCMKTS:ELUXY)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.99 and traded as low as $17.29. AB Electrolux (publ) shares last traded at $17.29, with a volume of 953 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic raised AB Electrolux (publ) from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st.

AB Electrolux (publ) Stock Down 3.7 %

The company has a market capitalization of $2.45 billion, a PE ratio of -17.46 and a beta of 1.22. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.64 and a current ratio of 0.93. The company’s 50-day moving average is $17.99 and its 200 day moving average is $17.51.

AB Electrolux (publ) (OTCMKTS:ELUXY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.10 EPS for the quarter. AB Electrolux (publ) had a negative net margin of 1.04% and a negative return on equity of 14.19%. As a group, analysts anticipate that AB Electrolux will post 2.13 EPS for the current year.

About AB Electrolux (publ)

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.