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

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $13.19, but opened at $13.59. Electrolux shares last traded at $13.59, with a volume of 124 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ELUXY shares. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Electrolux presently has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 20.31 and a beta of 1.15. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 3.57. The company has a 50 day simple moving average of $15.69 and a 200 day simple moving average of $13.52.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.79 billion. As a group, equities research analysts forecast that Electrolux AB will post 2.13 EPS for the current year.

Electrolux Company Profile

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.