Electrolux (OTCMKTS:ELUXY) Shares Gap Up – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Monday . The stock had previously closed at $13.4650, but opened at $13.83. Electrolux shares last traded at $13.85, with a volume of 1,030 shares.

Analysts Set New Price Targets

ELUXY has been the topic of a number of analyst reports. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Electrolux in a research note on Tuesday, October 14th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Electrolux Stock Performance

The stock’s fifty day simple moving average is $12.59 and its two-hundred day simple moving average is $12.59. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 33.75 and a beta of 1.13. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.64 and a current ratio of 1.01.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Thursday, October 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a return on equity of 6.58% and a net margin of 0.43%.The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $32.22 billion. Equities research analysts anticipate that Electrolux AB will post 2.13 EPS 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.