Electrolux (OTCMKTS:ELUXY) Trading 11.3% Higher – Still a Buy?

Electrolux AB (OTCMKTS:ELUXYGet Free Report) traded up 11.3% during mid-day trading on Tuesday . The stock traded as high as $11.70 and last traded at $11.44. 7,382 shares changed hands during trading, a decline of 32% from the average session volume of 10,843 shares. The stock had previously closed at $10.2740.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. 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, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Check Out Our Latest Stock Analysis on ELUXY

Electrolux Price Performance

The firm’s fifty day moving average price is $12.18 and its 200 day moving average price is $13.65. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. The stock has a market cap of $1.56 billion, a PE ratio of 42.39 and a beta of 1.05.

Electrolux (OTCMKTS:ELUXYGet Free Report) last released its 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 return on equity of 4.03% and a net margin of 0.27%.The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.40 billion. As a group, equities analysts expect that Electrolux AB will post -0.07 EPS for the current fiscal year.

Electrolux Company Profile

(Get Free Report)

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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