Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Time to Buy?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $5.38, but opened at $5.75. Electrolux shares last traded at $5.77, with a volume of 1,340 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Dnb Carnegie upgraded shares of Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Stock Up 7.2%

The company’s 50 day moving average price is $5.48 and its two-hundred day moving average price is $10.20. The stock has a market cap of $816.68 million, a P/E ratio of -7.40, a PEG ratio of 0.65 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Electrolux had a negative net margin of 1.53% and a positive return on equity of 4.38%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Equities analysts forecast that Electrolux AB will post 0.26 earnings per share for the current year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.