Electrolux (OTCMKTS:ELUXY) Shares Gap Up – What’s Next?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.2861, but opened at $6.55. Electrolux shares last traded at $6.60, with a volume of 5,856 shares.

Analyst Ratings Changes

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

Electrolux Trading Down 0.1%

The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of $888.86 million, a price-to-earnings ratio of 24.15, a P/E/G ratio of 64.28 and a beta of 1.08. The business has a 50-day moving average of $11.65 and a two-hundred day moving average of $13.62.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly 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). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion.

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.