Electrolux (OTCMKTS:ELUXY) Shares Gap Up – What’s Next?

Electrolux AB (OTCMKTS:ELUXY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $13.4650, but opened at $13.83. Electrolux shares last traded at $13.85, with a volume of 1,030 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ELUXY shares. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Electrolux in a research report on Tuesday, October 14th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.64 and a current ratio of 1.01. The company’s fifty day simple moving average is $12.59 and its two-hundred day simple moving average is $12.59. The stock has a market capitalization of $1.96 billion, a PE ratio of 33.75 and a beta of 1.13.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.36). The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $32.22 billion. Electrolux had a net margin of 0.43% and a return on equity of 6.58%. As a group, sell-side analysts predict that Electrolux AB will post 2.13 EPS for the current 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.