Shares of Electrolux AB (OTCMKTS:ELUXY – Get Free Report) shot up 21% during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $6.28 and last traded at $6.26. Approximately 4,999 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 9,661 shares. The stock had previously closed at $5.1750.
The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.20. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.
Analysts Set New Price Targets
Several brokerages have commented on ELUXY. Rothschild & Co Redburn downgraded Electrolux from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Electrolux Stock Up 21.0%
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 company has a market cap of $886.04 million, a PE ratio of 24.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.15. The company has a fifty day moving average price of $9.08 and a 200 day moving average price of $12.40.
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.
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