Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.21, but opened at $5.4102. Electrolux shares last traded at $5.4250, with a volume of 511 shares.

Wall Street Analyst Weigh In

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

Electrolux Trading Down 0.3%

The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $765.73 million, a P/E ratio of -10.02, a P/E/G ratio of 0.43 and a beta of 1.16. The firm has a 50-day moving average of $5.73 and a two-hundred day moving average of $9.43.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. On average, analysts anticipate that Electrolux AB will post 0.26 EPS for the current year.

About Electrolux

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.