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

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Thursday . The stock had previously closed at $13.19, but opened at $13.59. Electrolux shares last traded at $13.59, with a volume of 124 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Zacks Research raised shares of Electrolux from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Citigroup restated a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock has a market capitalization of $1.80 billion, a P/E ratio of 19.00 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. The company has a 50-day moving average price of $15.62 and a two-hundred day moving average price of $13.52.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Electrolux had a net margin of 0.69% and a return on equity of 10.82%. Equities analysts expect that Electrolux AB will post 2.13 earnings per share for the current year.

About Electrolux

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.