Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.2740, but opened at $10.86. Electrolux shares last traded at $10.74, with a volume of 2,716 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Citigroup reiterated a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Electrolux currently has an average rating of “Reduce”.

Electrolux Stock Up 4.9%

The stock has a 50 day simple moving average of $12.40 and a 200-day simple moving average of $13.70. The firm has a market cap of $1.53 billion, a PE ratio of 41.44 and a beta of 1.05. 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 announced its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. Sell-side analysts predict that Electrolux AB will post -0.07 EPS for the current fiscal 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.