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

Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Tuesday . The stock had previously closed at $4.79, but opened at $5.17. Electrolux shares last traded at $5.17, with a volume of 347 shares.

Wall Street Analyst Weigh In

A number of brokerages have commented on ELUXY. Rothschild & Co Redburn lowered Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Electrolux Stock Performance

The stock has a market cap of $886.61 million, a price-to-earnings ratio of 24.09, a P/E/G ratio of 0.76 and a beta of 1.15. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The company has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $12.35.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.21. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.23 billion. As a group, equities research analysts forecast that Electrolux AB will post 0.18 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.