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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

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

Electrolux Trading Up 5.4%

The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The firm has a market cap of $1.53 billion, a PE ratio of 41.65 and a beta of 1.05. The stock’s 50 day simple moving average is $12.33 and its 200 day simple moving average is $13.68.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.40 billion. On average, sell-side analysts forecast that Electrolux AB will post -0.07 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.