Electrolux (OTCMKTS:ELUXY) Shares Gap Up – What’s Next?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.79, but opened at $5.17. Electrolux shares last traded at $5.17, with a volume of 347 shares traded.

Wall Street Analysts Forecast Growth

ELUXY has been the topic of several research reports. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Electrolux Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19. The company has a market cap of $729.00 million, a PE ratio of 19.81, a P/E/G ratio of 0.71 and a beta of 1.15. The firm has a 50 day moving average of $9.19 and a two-hundred day moving average of $12.46.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $3.40 billion. Research analysts predict that Electrolux AB will post 0.18 earnings per share 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.