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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up before the market opened on Thursday . The stock had previously closed at $12.2650, but opened at $12.9875. Electrolux shares last traded at $13.0250, with a volume of 793 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Zacks Research downgraded shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Electrolux Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19. The company’s fifty day moving average is $12.16 and its 200 day moving average is $13.66. The company has a market cap of $1.84 billion, a P/E ratio of 50.10 and a beta of 1.08.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. As a group, equities analysts predict 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.