Electrolux (OTCMKTS:ELUXY) Sees Unusually-High Trading Volume – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY) shares saw an uptick in trading volume on Wednesday . 31,207 shares changed hands during mid-day trading, an increase of 774% from the previous session’s volume of 3,570 shares.The stock last traded at $17.8050 and had previously closed at $17.56.

Analyst Ratings Changes

ELUXY has been the subject of several recent analyst reports. Zacks Research upgraded shares of Electrolux from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Electrolux in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Electrolux has an average rating of “Hold”.

Electrolux Stock Performance

The firm’s 50 day simple moving average is $13.82 and its 200-day simple moving average is $12.61. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.64 and a current ratio of 1.01. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 26.65 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.79 billion. Electrolux had a net margin of 0.69% and a return on equity of 10.99%. Analysts expect that Electrolux AB will post 2.13 EPS for the current 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.