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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.0201, but opened at $12.5550. Electrolux shares last traded at $12.5550, with a volume of 218 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on ELUXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Electrolux Price Performance

The company has a 50 day moving average price of $12.18 and a 200 day moving average price of $13.65. The firm has a market cap of $1.78 billion, a PE ratio of 48.29 and a beta of 1.05. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. On average, sell-side analysts expect that Electrolux AB will post -0.07 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.