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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.99, but opened at $10.50. Electrolux shares last traded at $10.55, with a volume of 1,213 shares changing hands.

Wall Street Analysts Forecast Growth

ELUXY has been the subject of several recent research reports. The Goldman Sachs Group raised Electrolux to a “hold” rating in a report on Friday, March 27th. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Finally, Zacks Research cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Electrolux presently has an average rating of “Reduce”.

Electrolux Stock Performance

The stock has a market capitalization of $1.54 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 0.17 and a beta of 1.20. The stock has a fifty day moving average of $13.75 and a 200-day moving average of $13.77. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) 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 4.20%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Equities analysts anticipate that Electrolux AB will post 1.59 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.