Electrolux (OTCMKTS:ELUXY) Sees Large Volume Increase – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) saw unusually-high trading volume on Thursday . Approximately 77,678 shares changed hands during mid-day trading, an increase of 617% from the previous session’s volume of 10,830 shares.The stock last traded at $13.65 and had previously closed at $14.1875.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELUXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Zacks Research raised Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Citigroup reiterated 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Electrolux Price Performance

The stock has a market capitalization of $1.81 billion, a PE ratio of 19.09 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 company’s fifty day simple moving average is $15.80 and its two-hundred day simple moving average is $13.42.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.79 billion. As a group, sell-side analysts predict that Electrolux AB will post 2.13 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.