Electrolux (OTCMKTS:ELUXY) Sees Large Volume Increase – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY) saw unusually-high trading volume on Thursday . Approximately 29,717 shares were traded during trading, an increase of 812% from the previous session’s volume of 3,258 shares.The stock last traded at $11.20 and had previously closed at $11.50.

Wall Street Analysts Forecast Growth

ELUXY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Electrolux in a research note on Tuesday, October 14th. They issued a “hold” rating for the company. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Electrolux Stock Up 4.6%

The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 130.24 and a beta of 1.13. The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.59 and a current ratio of 0.96. The business’s 50 day moving average is $11.70 and its 200 day moving average is $12.60.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.36). The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $32.22 billion. Electrolux had a net margin of 0.11% and a return on equity of 1.61%. Sell-side analysts anticipate that Electrolux AB will post 2.13 earnings per share for the current year.

About Electrolux

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.