Electrolux (OTCMKTS:ELUXY) Sees Strong Trading Volume – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY) saw unusually-high trading volume on Thursday . Approximately 29,717 shares were traded during mid-day trading, an increase of 812% from the previous session’s volume of 3,258 shares.The stock last traded at $11.20 and had previously closed at $11.50.

Analysts Set New Price Targets

A number of research analysts have issued reports on ELUXY shares. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Electrolux in a report on Tuesday, October 14th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Electrolux Stock Down 2.6%

The stock has a market cap of $1.59 billion, a PE ratio of 124.46 and a beta of 1.12. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.96 and a quick ratio of 0.59. The company has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $12.62.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a return on equity of 1.61% and a net margin of 0.11%.The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $32.22 billion. Analysts expect that Electrolux AB will post 2.13 EPS for the current year.

Electrolux 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.