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

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Wednesday . The stock had previously closed at $5.02, but opened at $5.30. Electrolux shares last traded at $5.3050, with a volume of 642 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on ELUXY shares. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a report on Friday, March 27th. Finally, Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Electrolux Stock Performance

The firm has a market cap of $750.16 million, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 0.78 and a beta of 1.15. The firm’s 50 day moving average is $10.05 and its 200-day moving average is $12.90. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a return on equity of 4.03% and a net margin of 0.27%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Sell-side analysts anticipate that Electrolux AB will post 0.18 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.