Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Here’s Why

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $6.27, but opened at $6.55. Electrolux shares last traded at $6.5304, with a volume of 3,910 shares trading hands.

Wall Street Analyst Weigh In

ELUXY has been the subject of a number of research analyst reports. Dnb Carnegie raised shares of Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Zacks Research lowered Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Electrolux Trading Up 4.2%

The company’s 50 day moving average price is $5.54 and its 200 day moving average price is $9.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. The firm has a market cap of $924.31 million, a PE ratio of -8.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12). The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Electrolux had a positive return on equity of 4.38% and a negative net margin of 1.53%. As a group, analysts forecast that Electrolux AB will post 0.15 EPS for the current fiscal year.

Electrolux Company Profile

Electrolux AB is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company has grown through product development and acquisitions into an international appliance group. Its products include refrigerators, freezers, ovens, cooktops, dishwashers, washing machines, dryers and vacuum cleaners. The company sells appliances under brands including Electrolux, AEG and Frigidaire. Electrolux serves residential customers in markets around the world, with operations across regions including Europe, North America and Latin America.