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

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Wednesday . The stock had previously closed at $5.95, but opened at $6.50. Electrolux shares last traded at $6.50, with a volume of 3,063 shares.

Analysts Set New Price Targets

Several research firms have recently issued reports on ELUXY. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Electrolux Price Performance

The business’s 50 day moving average price is $8.60 and its 200-day moving average price is $12.12. 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 $920.01 million, a PE ratio of -12.04, a price-to-earnings-growth ratio of 0.46 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 8.42%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. As a group, analysts forecast that Electrolux AB will post 0.27 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.