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

Shares of Electrolux AB (OTCMKTS:ELUXY) saw unusually-high trading volume on Monday . 15,109 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 9,737 shares.The stock last traded at $5.08 and had previously closed at $4.70.

Wall Street Analyst Weigh In

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

Electrolux Trading Up 6.1%

The stock has a market cap of $719.02 million, a P/E ratio of 19.54, a PEG ratio of 0.71 and a beta of 1.15. The firm’s fifty day moving average price is $9.30 and its two-hundred day moving average price is $12.53. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities research analysts forecast that Electrolux AB will post 0.18 EPS for the current year.

About Electrolux

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.