Electrolux (OTCMKTS:ELUXY) Shares Gap Up – What’s Next?

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Monday . The stock had previously closed at $12.1150, but opened at $12.62. Electrolux shares last traded at $12.62, with a volume of 191 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Electrolux in a research report on Tuesday, October 14th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Electrolux Stock Down 0.2%

The stock has a market capitalization of $1.79 billion, a P/E ratio of 140.24 and a beta of 1.13. The business has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $12.57. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 4.02.

Electrolux (OTCMKTS:ELUXY) last announced its 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 firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $32.22 billion. Electrolux had a return on equity of 1.61% and a net margin of 0.11%. Equities research analysts forecast that Electrolux AB will post 2.13 earnings per share for the current fiscal year.

Electrolux Company Profile

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.