Electrolux (OTCMKTS:ELUXY) Stock Price Up 21% Following Earnings Beat

Electrolux AB (OTCMKTS:ELUXY) rose 21% during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $6.28 and last traded at $6.26. Approximately 4,999 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 9,661 shares. The stock had previously closed at $5.1750.

The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

Analyst Ratings Changes

A number of research firms have weighed in on ELUXY. Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Rothschild & Co Redburn cut Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Electrolux Price Performance

The firm’s 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $12.40. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The firm has a market capitalization of $886.04 million, a P/E ratio of 24.08, a P/E/G ratio of 0.75 and a beta of 1.15.

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.