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

Electrolux AB (OTCMKTS:ELUXY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.2650, but opened at $12.9875. Electrolux shares last traded at $13.0250, with a volume of 793 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ELUXY shares. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Electrolux has a consensus rating of “Reduce”.

Electrolux Price Performance

The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.60 and a current ratio of 0.94. The company has a market cap of $1.84 billion, a PE ratio of 50.00 and a beta of 1.08. The company’s 50-day simple moving average is $12.15 and its 200 day simple moving average is $13.66.

Electrolux (OTCMKTS:ELUXY) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.61). Electrolux had a net margin of 0.27% and a return on equity of 4.03%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. On average, sell-side analysts predict that Electrolux AB will post -0.07 earnings per share for the current fiscal 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.