Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Still a Buy?

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Thursday . The stock had previously closed at $14.11, but opened at $14.88. Electrolux shares last traded at $14.88, with a volume of 351 shares trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on ELUXY shares. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a report 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Electrolux Price Performance

The firm has a market cap of $2.11 billion, a P/E ratio of 36.29 and a beta of 1.13. The company has a 50-day moving average of $12.97 and a 200 day moving average of $12.61. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.64 and a current ratio of 1.01.

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