Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Here’s Why

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Wednesday . The stock had previously closed at $13.56, but opened at $14.20. Electrolux shares last traded at $14.2150, with a volume of 2,126 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Electrolux in a report on Tuesday, October 14th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Electrolux Stock Performance

The company has a 50 day simple moving average of $13.15 and a 200-day simple moving average of $12.59. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.01 and a quick ratio of 0.64. The stock has a market cap of $2.03 billion, a P/E ratio of 35.03 and a beta of 1.13.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.36). The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $32.22 billion. Electrolux had a net margin of 0.43% and a return on equity of 6.58%. On average, equities analysts expect that Electrolux AB will post 2.13 earnings per share for the current fiscal 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.