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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.95, but opened at $6.50. Electrolux shares last traded at $6.50, with a volume of 3,063 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Electrolux Price Performance

The stock has a fifty day moving average of $8.40 and a 200-day moving average of $12.00. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $931.33 million, a price-to-earnings ratio of -12.19, a P/E/G ratio of 0.51 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 8.42%. On average, equities research analysts predict that Electrolux AB will post 0.27 EPS 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.