Electrolux (OTCMKTS:ELUXY) Sees Strong Trading Volume – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) shares saw an uptick in trading volume on Thursday . 77,678 shares were traded 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.

Analysts Set New Price Targets

ELUXY has been the subject of a number of recent research reports. Citigroup reiterated a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a research note on Monday, February 2nd. Finally, Zacks Research upgraded shares of Electrolux from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Electrolux Price Performance

The company has a market cap of $1.86 billion, a PE ratio of 19.61 and a beta of 1.15. The stock has a fifty day moving average price of $15.83 and a 200-day moving average price of $13.42. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.96 and a quick ratio of 0.66.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results 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). The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Electrolux had a net margin of 0.69% and a return on equity of 10.82%. On average, equities analysts expect that Electrolux AB will post 2.13 earnings per share 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.