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

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Wednesday . The stock had previously closed at $4.64, but opened at $4.9750. Electrolux shares last traded at $4.97, with a volume of 1,931 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ELUXY shares. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Electrolux presently has an average rating of “Hold”.

Electrolux Stock Performance

The firm has a market capitalization of $665.24 million, a PE ratio of 18.08, a PEG ratio of 0.73 and a beta of 1.15. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The company has a 50-day moving average of $9.42 and a 200 day moving average of $12.59.

Electrolux (OTCMKTS:ELUXY) last released its quarterly 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 business had revenue of $3.19 billion during 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%. Equities research analysts predict that Electrolux AB will post 0.18 EPS 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.