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

Shares of Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Wednesday . The stock had previously closed at $12.1230, but opened at $13.06. Electrolux shares last traded at $13.02, with a volume of 3,532 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ELUXY shares. Zacks Research upgraded Electrolux from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Citigroup reiterated a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Electrolux Trading Up 4.9%

The firm has a fifty day moving average of $15.55 and a two-hundred day moving average of $13.55. The company has a market cap of $1.83 billion, a PE ratio of 19.27 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 3.57.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings data on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Electrolux had a net margin of 0.69% and a return on equity of 10.82%. As a group, sell-side analysts predict that Electrolux AB will post 2.13 EPS 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.