Electrolux (OTCMKTS:ELUXY) Sees Large Volume Increase – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY) saw an uptick in trading volume on Friday. Approximately 23,400 shares were traded during mid-day trading, an increase of 191% from the previous session’s volume of 8,047 shares. The stock last traded at $5.06 and had previously closed at $4.9425.

Analyst Upgrades and Downgrades

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

Electrolux Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62. The firm has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $8.77. The company has a market capitalization of $713.36 million, a price-to-earnings ratio of -9.33, a price-to-earnings-growth ratio of 0.39 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.02 by $0.21. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. As a group, sell-side analysts forecast that Electrolux AB will post 0.26 earnings per share for the current fiscal year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.

Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.

Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.