Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Here’s Why

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Tuesday. The stock had previously closed at $4.85, but opened at $5.32. Electrolux shares last traded at $5.32, with a volume of 183 shares.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Electrolux Stock Down 0.2%

The stock has a market cap of $751.58 million, a PE ratio of 14.78, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22. The business has a fifty day moving average of $5.65 and a 200-day moving average of $8.53. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.02 by $0.21. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.23 billion. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. Equities research analysts anticipate that Electrolux AB will post 0.26 earnings per share for the current year.

Electrolux Company Profile

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.