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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Wednesday . The stock had previously closed at $4.64, but opened at $4.9750. Electrolux shares last traded at $4.97, with a volume of 1,931 shares traded.

Analyst Upgrades and Downgrades

ELUXY has been the subject of several recent analyst reports. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group raised Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Electrolux presently has an average rating of “Hold”.

Electrolux Trading Up 7.1%

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 firm has a 50 day moving average of $9.67 and a 200 day moving average of $12.71. The firm has a market cap of $703.45 million, a PE ratio of 19.12, a P/E/G ratio of 0.70 and a beta of 1.15.

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