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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.2650, but opened at $12.9875. Electrolux shares last traded at $13.0250, with a volume of 793 shares traded.

Analysts Set New Price Targets

ELUXY has been the subject of several research reports. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Electrolux currently has a consensus rating of “Reduce”.

Electrolux Price Performance

The company has a 50 day moving average of $12.16 and a 200-day moving average of $13.66. The firm has a market capitalization of $1.84 billion, a P/E ratio of 50.10 and a beta of 1.08. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, sell-side analysts predict that Electrolux AB will post -0.07 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.