Electrolux (OTCMKTS:ELUXY) Stock Price Up 7.3% After Analyst Upgrade

Shares of Electrolux AB (OTCMKTS:ELUXY) traded up 7.3% on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $17.23 and last traded at $17.23. 696 shares changed hands during trading, a decline of 64% from the average session volume of 1,923 shares. The stock had previously closed at $16.06.

ELUXY has been the topic of several other reports. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 3.57. The business’s 50 day moving average price is $13.93 and its two-hundred day moving average price is $12.64. The stock has a market cap of $2.53 billion, a P/E ratio of 26.65 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). Electrolux had a return on equity of 10.82% and a net margin of 0.69%.The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.79 billion. As a group, sell-side analysts expect that Electrolux AB will post 2.13 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.