Electrolux (OTCMKTS:ELUXY) Shares Up 6% – Still a Buy?

Shares of Electrolux AB (OTCMKTS:ELUXY) shot up 6% during trading on Wednesday. The stock traded as high as $5.3295 and last traded at $5.3295. 470 shares were traded during mid-day trading, a decline of 94% from the average session volume of 8,210 shares. The stock had previously closed at $5.0265.

Analysts Set New Price Targets

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

Electrolux Stock Down 0.2%

The firm has a market cap of $751.58 million, a P/E ratio of -9.83, a P/E/G ratio of 0.40 and a beta of 1.22. The business has a fifty day moving average of $5.67 and a 200 day moving average of $8.59. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.21. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. On average, equities research analysts predict that Electrolux AB will post 0.26 EPS for the current year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.

Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.

Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.