Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Time to Buy?

Electrolux AB (OTCMKTS:ELUXY) gapped up prior to trading on Friday . The stock had previously closed at $11.0201, but opened at $12.5550. Electrolux shares last traded at $12.5550, with a volume of 218 shares changing hands.

Wall Street Analyst Weigh In

ELUXY has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Rothschild & Co Redburn lowered shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Electrolux has a consensus rating of “Reduce”.

Electrolux Trading Up 9.7%

The business’s 50-day moving average price is $12.15 and its two-hundred day moving average price is $13.64. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 46.49 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXY) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts expect that Electrolux AB will post -0.07 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.