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

Electrolux AB (OTCMKTS:ELUXY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $5.21, but opened at $5.4102. Electrolux shares last traded at $5.4250, with a volume of 511 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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Electrolux Stock Up 4.1%

The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62. The firm’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $9.56. The firm has a market cap of $767.85 million, a price-to-earnings ratio of -10.05, a PEG ratio of 0.40 and a beta of 1.16.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a negative net margin of 1.14% and a positive return on equity of 6.76%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.23 billion. On average, equities analysts forecast that Electrolux AB will post 0.27 EPS for the current year.

About Electrolux

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Electrolux is a Swedish home-appliance company founded in 1919 and headquartered in Stockholm. The Electrolux Group develops, manufactures and sells household and professional appliances designed for cooking, food preservation, laundry, cleaning and indoor climate management.

Its product portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners and air-care products. The company markets products under brands including Electrolux, AEG, Frigidaire and Zanussi, with brand availability varying by region.

Electrolux serves consumers, retailers and professional customers across Europe, North America, Latin America, Asia-Pacific and other international markets.

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