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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Monday. The stock had previously closed at $5.3095, but opened at $5.49. Electrolux shares last traded at $5.49, with a volume of 200 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock has a market capitalization of $772.10 million, a PE ratio of -10.10, a PEG ratio of 0.43 and a beta of 1.16. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04. The company’s 50-day moving average price is $5.73 and its 200 day moving average price is $9.30.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.23 billion. On average, equities research analysts expect that Electrolux AB will post 0.26 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.