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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up prior to trading on Friday. The stock had previously closed at $6.27, but opened at $6.55. Electrolux shares last traded at $6.5304, with a volume of 3,910 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Dnb Carnegie upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Zacks Research cut Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Electrolux presently has an average rating of “Hold”.

Electrolux Stock Performance

The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.07. The company has a market cap of $924.31 million, a PE ratio of -8.37, a PEG ratio of 1.32 and a beta of 1.23. The business’s 50-day moving average is $5.56 and its 200 day moving average is $9.72.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.12). Electrolux had a negative net margin of 1.53% and a positive return on equity of 3.87%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.35 billion. On average, equities research analysts predict that Electrolux AB will post 0.15 EPS for the current fiscal year.

About Electrolux

Electrolux AB is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company has grown through product development and acquisitions into an international appliance group. Its products include refrigerators, freezers, ovens, cooktops, dishwashers, washing machines, dryers and vacuum cleaners. The company sells appliances under brands including Electrolux, AEG and Frigidaire. Electrolux serves residential customers in markets around the world, with operations across regions including Europe, North America and Latin America.