Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Should You Buy?

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.05, but opened at $6.35. Electrolux shares last traded at $6.3550, with a volume of 2,133 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Electrolux presently has a consensus rating of “Hold”.

Electrolux Stock Performance

The company has a market cap of $899.63 million, a PE ratio of -11.77, a price-to-earnings-growth ratio of 0.49 and a beta of 1.16. The firm’s fifty day moving average is $6.60 and its 200 day moving average is $11.10. The company has a current ratio of 1.04, a quick ratio of 0.60 and a debt-to-equity ratio of 1.62.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. As a group, research analysts predict that Electrolux AB will post 0.27 EPS for the current fiscal 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.