Electrolux (OTCMKTS:ELUXY) Trading 55.1% Higher – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY) shot up 55.1% during mid-day trading on Monday . The company traded as high as $17.09 and last traded at $17.09. 290 shares changed hands during trading, a decline of 97% from the average session volume of 10,530 shares. The stock had previously closed at $11.0201.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ELUXY. Zacks Research downgraded shares of Electrolux from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group upgraded Electrolux to a “hold” rating in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Electrolux Price Performance

The company has a market cap of $2.42 billion, a PE ratio of 65.73 and a beta of 1.08. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The stock has a 50 day moving average of $12.15 and a 200-day moving average of $13.65.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.61). The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Electrolux had a return on equity of 4.03% and a net margin of 0.27%. Equities analysts predict that Electrolux AB will post -0.07 earnings per share for the current year.

About Electrolux

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.