Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $14.31, but opened at $16.54. Electrolux shares last traded at $16.16, with a volume of 6,247 shares.

Wall Street Analyst Weigh In

ELUXY has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft began coverage on Electrolux in a research report on Tuesday, October 14th. They set a “hold” rating for the company. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Electrolux presently has an average rating of “Reduce”.

Electrolux Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.64 and a debt-to-equity ratio of 4.10. The business has a 50-day moving average of $13.51 and a 200 day moving average of $12.58. The firm has a market capitalization of $2.29 billion, a P/E ratio of 39.42 and a beta of 1.13.

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