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

Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Wednesday . The stock had previously closed at $4.64, but opened at $4.9750. Electrolux shares last traded at $4.97, with a volume of 1,931 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on ELUXY. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Electrolux presently has a consensus rating of “Hold”.

Electrolux Trading Up 7.1%

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’s fifty day moving average is $9.67 and its two-hundred day moving average is $12.71. The firm has a market cap of $703.45 million, a P/E ratio of 19.12, a PEG ratio of 0.70 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.40 billion. Analysts predict that Electrolux AB will post 0.18 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.