AB Electrolux (publ) (OTCMKTS:ELUXY) Stock Crosses Below 50-Day Moving Average – Here’s Why

AB Electrolux (publ) (OTCMKTS:ELUXY) 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 changing hands.

Wall Street Analyst Weigh In

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

AB Electrolux (publ) Price Performance

The stock has a market capitalization of $2.39 billion, a PE ratio of -17.08 and a beta of 1.22. The company has a current ratio of 0.93, a quick ratio of 0.64 and a debt-to-equity ratio of 3.27. The firm’s 50-day moving average price is $17.97 and its 200-day moving average price is $17.51.

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

AB Electrolux (publ) Company Profile

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.