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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $13.56, but opened at $14.20. Electrolux shares last traded at $14.2150, with a volume of 2,126 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Electrolux in a report on Tuesday, October 14th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Electrolux Trading Up 5.9%

The firm has a market cap of $2.03 billion, a P/E ratio of 35.03 and a beta of 1.13. The firm’s fifty day moving average is $13.15 and its two-hundred day moving average is $12.59. The company has a quick ratio of 0.64, a current ratio of 1.01 and a debt-to-equity ratio of 4.10.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Thursday, October 30th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a return on equity of 6.58% and a net margin of 0.43%.The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $32.22 billion. Analysts predict that Electrolux AB will post 2.13 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.