Electrolux (OTCMKTS:ELUXY) Shares Gap Up – Here’s What Happened

Electrolux AB (OTCMKTS:ELUXY) shares gapped up before the market opened on Friday . The stock had previously closed at $11.09, but opened at $11.40. Electrolux shares last traded at $11.49, with a volume of 673 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ELUXY. Deutsche Bank Aktiengesellschaft began coverage on shares of Electrolux in a report on Tuesday. They set a “hold” rating on the stock. Zacks Research raised shares of Electrolux from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Electrolux Price Performance

The firm has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $12.92. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 127.51 and a beta of 1.10. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 4.02.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, July 18th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.40). The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $33.03 billion. Electrolux had a return on equity of 1.61% and a net margin of 0.11%. As a group, analysts predict that Electrolux AB will post 2.13 earnings per share for the current fiscal year.

About Electrolux

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.