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

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

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

Electrolux Stock Up 5.9%

The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19. The firm has a market cap of $752.29 million, a price-to-earnings ratio of 20.44, a PEG ratio of 2.48 and a beta of 1.15. The firm’s 50 day simple moving average is $10.31 and its two-hundred day simple moving average is $13.02.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts forecast that Electrolux AB will post 0.05 EPS for the current year.

Electrolux Company Profile

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.