Electrolux (OTCMKTS:ELUXY) Trading Up 6.8% – Here’s What Happened
by Doug Wharley · The Cerbat GemElectrolux AB (OTCMKTS:ELUXY – Get Free Report) shares were up 6.8% on Wednesday . The company traded as high as $11.11 and last traded at $11.11. Approximately 206 shares traded hands during trading, a decline of 98% from the average daily volume of 12,496 shares. The stock had previously closed at $10.40.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Rothschild & Co Redburn downgraded shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Electrolux in a research report on Monday, February 2nd. Citigroup reaffirmed a “neutral” rating on shares of Electrolux in a research report on Thursday, January 22nd. The Goldman Sachs Group raised shares of Electrolux to a “hold” rating in a research report on Friday, March 27th. Finally, Zacks Research downgraded shares of Electrolux from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Five investment analysts have rated the stock with 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 an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on Electrolux
Electrolux Trading Up 0.2%
The company has a market cap of $1.58 billion, a P/E ratio of 42.88, a PEG ratio of 0.23 and a beta of 1.20. The stock’s 50 day moving average is $13.62 and its 200-day moving average is $13.75. 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 – Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) 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 the consensus estimate of $3.40 billion. Electrolux had a return on equity of 4.20% and a net margin of 0.27%. Research analysts anticipate that Electrolux AB will post -0.07 earnings per share for the current fiscal 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.