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

Electrolux AB (OTCMKTS:ELUXY) gapped up before the market opened on Friday . The stock had previously closed at $14.31, but opened at $16.54. Electrolux shares last traded at $16.16, with a volume of 6,247 shares changing hands.

Wall Street Analysts Forecast Growth

ELUXY has been the subject of several research reports. Citigroup reiterated a “neutral” rating on shares of Electrolux in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Electrolux in a research report on Tuesday, October 14th. They set a “hold” rating for the company. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Electrolux Trading Up 12.2%

The firm’s 50 day moving average is $13.60 and its 200 day moving average is $12.57. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.01 and a quick ratio of 0.64. The company has a market cap of $2.27 billion, a PE ratio of 39.17 and a beta of 1.13.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.79 billion. Electrolux had a net margin of 0.43% and a return on equity of 6.58%. On average, equities analysts anticipate that Electrolux AB will post 2.13 earnings per share 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.