Electrolux (OTCMKTS:ELUXY) Trading Up 11.3% – What’s Next?

Electrolux AB (OTCMKTS:ELUXY) shares were up 11.3% during mid-day trading on Tuesday . The stock traded as high as $11.70 and last traded at $11.44. Approximately 7,382 shares traded hands during trading, a decline of 32% from the average daily volume of 10,843 shares. The stock had previously closed at $10.2740.

Wall Street Analyst Weigh In

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

Electrolux Stock Performance

The firm’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $13.67. 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 market cap of $1.62 billion, a price-to-earnings ratio of 44.12 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.61). The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. On average, analysts expect that Electrolux AB will post -0.07 EPS 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.