Electrolux (OTCMKTS:ELUXY) Shares Up 3.6% – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY)’s stock price rose 3.6% during trading on Wednesday . The company traded as high as $5.3990 and last traded at $5.3990. 108 shares were traded during trading, a decline of 99% from the average daily volume of 8,511 shares. The stock had previously closed at $5.21.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Electrolux Price Performance

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 stock has a market capitalization of $764.17 million, a P/E ratio of -10.00, a PEG ratio of 0.40 and a beta of 1.16. The company’s 50 day simple moving average is $5.73 and its two-hundred day simple moving average is $9.49.

Electrolux (OTCMKTS:ELUXY) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. As a group, equities analysts expect that Electrolux AB will post 0.27 EPS for the current fiscal year.

Electrolux Company Profile

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.