Electrolux (OTCMKTS:ELUXY) Rating Increased to Hold at Zacks Research

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

A number of other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Electrolux currently has an average rating of “Hold”.

Electrolux Price Performance

Electrolux stock opened at $6.30 on Monday. The stock has a market cap of $891.70 million, a price-to-earnings ratio of 24.23, a PEG ratio of 33.34 and a beta of 1.08. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The business has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $13.57. Electrolux has a 52 week low of $6.16 and a 52 week high of $19.83.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion.

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.