Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Still a Buy?

Electrolux AB (OTCMKTS:ELUXY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.05, but opened at $6.35. Electrolux shares last traded at $6.3550, with a volume of 2,133 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Electrolux Trading Up 5.1%

The firm has a 50-day moving average price of $6.83 and a 200-day moving average price of $11.26. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The stock has a market cap of $899.63 million, a PE ratio of -11.77, a price-to-earnings-growth ratio of 0.49 and a beta of 1.16.

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