Electrolux (OTCMKTS:ELUXY) Sees Large Volume Increase – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY) shares saw unusually-high trading volume on Friday. 23,400 shares changed hands during trading, an increase of 191% from the previous session’s volume of 8,047 shares. The stock last traded at $5.06 and had previously closed at $4.9425.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. The stock’s 50 day moving average price is $5.72 and its two-hundred day moving average price is $8.77. The firm has a market capitalization of $713.36 million, a price-to-earnings ratio of -9.33, a PEG ratio of 0.39 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, equities research analysts anticipate that Electrolux AB will post 0.26 EPS for the current year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.

Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.

Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.