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

Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Thursday . The stock had previously closed at $13.19, but opened at $13.59. Electrolux shares last traded at $13.59, with a volume of 124 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ELUXY shares. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Electrolux Price Performance

The stock has a market capitalization of $1.93 billion, a P/E ratio of 20.31 and a beta of 1.15. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.66 and a current ratio of 0.96. The stock has a 50-day simple moving average of $15.69 and a 200 day simple moving average of $13.52.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. On average, equities analysts forecast that Electrolux AB will post 2.13 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.