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

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $10.2740, but opened at $10.86. Electrolux shares last traded at $10.74, with a volume of 2,716 shares.

Analyst Ratings Changes

A number of analysts have commented on ELUXY shares. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Citigroup reissued a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Finally, Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Electrolux has an average rating of “Reduce”.

Electrolux Stock Up 4.9%

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 company has a market cap of $1.53 billion, a P/E ratio of 41.44 and a beta of 1.05. The company has a fifty day moving average of $12.40 and a 200 day moving average of $13.70.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.38) 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. On average, research analysts anticipate that Electrolux AB will post -0.07 earnings per share for the current fiscal 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.