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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up prior to trading on Monday . The stock had previously closed at $13.4650, but opened at $13.83. Electrolux shares last traded at $13.85, with a volume of 1,030 shares changing hands.

Wall Street Analyst Weigh In

ELUXY has been the subject of several research reports. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Electrolux in a research note on Tuesday, October 14th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Electrolux has an average rating of “Hold”.

Electrolux Stock Down 0.5%

The company has a market cap of $1.96 billion, a P/E ratio of 33.71 and a beta of 1.13. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.01 and a quick ratio of 0.64. The stock has a fifty day moving average price of $12.67 and a two-hundred day moving average price of $12.60.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.36). Electrolux had a return on equity of 6.58% and a net margin of 0.43%.The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $32.22 billion. On average, research analysts expect that Electrolux AB will post 2.13 EPS for the current 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.