Electrolux (OTCMKTS:ELUXY) Stock Price Up 3.6% – Still a Buy?

Electrolux AB (OTCMKTS:ELUXY)’s share price was up 3.6% on Wednesday. The company traded as high as $5.3990 and last traded at $5.3990. Approximately 108 shares traded hands during trading, a decline of 99% from the average daily volume of 8,511 shares. The stock had previously closed at $5.21.

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, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Electrolux Price Performance

The company has a market cap of $751.51 million, a price-to-earnings ratio of -9.83, a PEG ratio of 0.43 and a beta of 1.16. The company’s 50 day moving average price is $5.73 and its 200 day moving average price is $9.36. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. Equities research analysts forecast that Electrolux AB will post 0.26 earnings per share for the current year.

Electrolux Company Profile

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.