Electrolux (OTCMKTS:ELUXY) Trading 55.1% Higher – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY)’s stock price rose 55.1% during trading on Monday . The company traded as high as $17.09 and last traded at $17.09. Approximately 290 shares traded hands during trading, a decline of 97% from the average daily volume of 10,530 shares. The stock had previously closed at $11.0201.

Wall Street Analysts Forecast Growth

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

Electrolux Trading Up 41.4%

The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 65.73 and a beta of 1.08. The company has a fifty day moving average price of $12.15 and a two-hundred day moving average price of $13.65. 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 issued 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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. As a group, research analysts forecast that Electrolux AB will post -0.07 earnings per share for the current fiscal 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.