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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up prior to trading on Thursday. The stock had previously closed at $5.38, but opened at $5.75. Electrolux shares last traded at $5.77, with a volume of 1,340 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on ELUXY. Zacks Research downgraded shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Dnb Carnegie raised Electrolux from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Electrolux Stock Up 0.9%

The stock’s 50 day simple moving average is $5.47 and its 200 day simple moving average is $10.12. The stock has a market capitalization of $823.76 million, a P/E ratio of -7.46, a P/E/G ratio of 1.22 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 earnings results on Friday, October 23rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Electrolux had a negative net margin of 1.53% and a positive return on equity of 4.38%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.35 billion. As a group, research analysts predict that Electrolux AB will post 0.15 EPS 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.