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

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Friday. The stock had previously closed at $5.19, but opened at $5.39. Electrolux shares last traded at $5.40, with a volume of 2,100 shares.

Wall Street Analyst Weigh In

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

Electrolux Stock Performance

The business has a fifty day moving average of $5.53 and a 200-day moving average of $8.22. The company has a market cap of $761.49 million, a PE ratio of -9.96, a P/E/G ratio of 0.66 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, October 23rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. Equities research analysts anticipate that Electrolux AB will post 0.26 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.