Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Still a Buy?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $5.3095, but opened at $5.49. Electrolux shares last traded at $5.49, with a volume of 200 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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.com, Electrolux presently has an average rating of “Hold”.

Electrolux Stock Up 0.8%

The stock’s fifty day moving average is $5.73 and its 200 day moving average is $9.30. The company has a market capitalization of $772.10 million, a P/E ratio of -10.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.16. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.21. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%.The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Research analysts predict that Electrolux AB will post 0.26 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.