Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Should You Buy?

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Wednesday . The stock had previously closed at $5.02, but opened at $5.30. Electrolux shares last traded at $5.3050, with a volume of 642 shares traded.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Zacks Research upgraded shares of Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Electrolux currently has a consensus rating of “Hold”.

Electrolux Stock Up 5.9%

The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 3.19. The firm’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $13.02. The company has a market capitalization of $752.29 million, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%. Sell-side analysts anticipate that Electrolux AB will post 0.05 earnings per share for the current fiscal 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.