Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Time to Buy?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.95, but opened at $6.50. Electrolux shares last traded at $6.50, with a volume of 3,063 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ELUXY. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Electrolux currently has a consensus rating of “Hold”.

Electrolux Price Performance

The stock has a market capitalization of $920.01 million, a PE ratio of -12.04, a PEG ratio of 0.46 and a beta of 1.16. 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 company has a 50-day moving average of $8.60 and a 200 day moving average of $12.12.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 8.42%. Sell-side analysts predict that Electrolux AB will post 0.27 EPS for the current 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.