Electrolux (OTCMKTS:ELUXY) Trading Up 11.3% – What’s Next?

Shares of Electrolux AB (OTCMKTS:ELUXY) shot up 11.3% on Tuesday . The stock traded as high as $11.70 and last traded at $11.44. 7,382 shares changed hands during trading, a decline of 32% from the average session volume of 10,843 shares. The stock had previously closed at $10.2740.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ELUXY shares. Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Finally, Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The company has a market capitalization of $1.62 billion, a PE ratio of 44.12 and a beta of 1.05. The stock’s 50 day simple moving average is $12.28 and its 200-day simple moving average is $13.67.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. As a group, equities analysts forecast that Electrolux AB will post -0.07 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.