Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Still a Buy?

Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Tuesday . The stock had previously closed at $6.05, but opened at $6.35. Electrolux shares last traded at $6.3550, with a volume of 2,133 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Electrolux has an average rating of “Hold”.

Electrolux Stock Performance

The company has a 50 day moving average of $6.83 and a two-hundred day moving average of $11.26. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The company has a market capitalization of $899.63 million, a PE ratio of -11.77, a PEG ratio of 0.49 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.02 by $0.21. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a positive return on equity of 8.42% and a negative net margin of 1.14%. As a group, equities research analysts predict that Electrolux AB will post 0.27 earnings per share 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.