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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up prior to trading on Friday. The stock had previously closed at $6.27, but opened at $6.55. Electrolux shares last traded at $6.5304, with a volume of 3,910 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ELUXY. Dnb Carnegie raised Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Electrolux Trading Up 4.2%

The firm has a market capitalization of $924.31 million, a PE ratio of -8.37, a PEG ratio of 1.34 and a beta of 1.23. The company’s 50-day moving average price is $5.54 and its 200-day moving average price is $9.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, October 23rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.35 billion. On average, sell-side analysts expect that Electrolux AB will post 0.15 earnings per share for the current year.

About Electrolux

Electrolux AB is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company has grown through product development and acquisitions into an international appliance group. Its products include refrigerators, freezers, ovens, cooktops, dishwashers, washing machines, dryers and vacuum cleaners. The company sells appliances under brands including Electrolux, AEG and Frigidaire. Electrolux serves residential customers in markets around the world, with operations across regions including Europe, North America and Latin America.