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

Electrolux AB (OTCMKTS:ELUXY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.21, but opened at $5.4102. Electrolux shares last traded at $5.4250, with a volume of 511 shares.

Wall Street Analyst Weigh In

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

Electrolux Stock Performance

The stock has a fifty day simple moving average of $5.72 and a two-hundred day simple moving average of $9.56. The stock has a market cap of $767.85 million, a price-to-earnings ratio of -10.05, a P/E/G ratio of 0.40 and a beta of 1.16. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%.The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Analysts expect that Electrolux AB will post 0.27 EPS for the current fiscal year.

About Electrolux

Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.