Electrolux (OTCMKTS:ELUXY) Reaches New 1-Year High – Here’s Why

Electrolux AB (OTCMKTS:ELUXY) shares reached a new 52-week high on Monday . The company traded as high as $18.78 and last traded at $18.6745, with a volume of 2528 shares. The stock had previously closed at $18.46.

Analysts Set New Price Targets

Several analysts have commented on ELUXY shares. Citigroup reiterated a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Electrolux Trading Up 1.8%

The firm has a market cap of $2.66 billion, a P/E ratio of 28.04 and a beta of 1.15. The company has a debt-to-equity ratio of 3.57, a current ratio of 0.96 and a quick ratio of 0.66. The firm has a fifty day simple moving average of $14.17 and a 200-day simple moving average of $12.73.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.62). Electrolux had a net margin of 0.69% and a return on equity of 10.82%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.79 billion. On average, equities research analysts expect that Electrolux AB will post 2.13 earnings per share 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.