Electrolux (OTCMKTS:ELUXY) Shares Gap Up on Analyst Upgrade

Electrolux AB (OTCMKTS:ELUXY) shares gapped up prior to trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $6.2861, but opened at $6.55. Electrolux shares last traded at $6.60, with a volume of 5,856 shares changing hands.

ELUXY has been the subject of several other research reports. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Electrolux Stock Performance

The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $891.70 million, a P/E ratio of 24.23, a PEG ratio of 33.47 and a beta of 1.16. The firm’s 50-day simple moving average is $11.35 and its 200 day simple moving average is $13.52.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.40 billion.

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.