Electrolux (OTCMKTS:ELUXY) Shares Up 6% – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY) rose 6% during mid-day trading on Wednesday. The stock traded as high as $5.3295 and last traded at $5.3295. Approximately 470 shares changed hands during trading, a decline of 94% from the average session volume of 8,210 shares. The stock had previously closed at $5.0265.

Analysts Set New Price Targets

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 research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Electrolux Stock Down 0.2%

The business has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $8.59. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 1.62. The company has a market cap of $751.58 million, a price-to-earnings ratio of -9.83, a PEG ratio of 0.40 and a beta of 1.22.

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

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.

Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.

Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.