Electrolux (OTCMKTS:ELUXY) Shares Climb 6% – Here’s Why
by Amy Steele · The Cerbat GemElectrolux AB (OTCMKTS:ELUXY – Get Free Report)’s share price shot up 6% during trading on Wednesday. The company traded as high as $5.3295 and last traded at $5.3295. Approximately 470 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 8,210 shares. The stock had previously closed at $5.0265.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Electrolux from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
Read Our Latest Stock Report on Electrolux
Electrolux Stock Up 1.5%
The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 1.62. The firm has a market cap of $762.90 million, a P/E ratio of -9.98, a PEG ratio of 0.42 and a beta of 1.22. The stock’s 50-day simple moving average is $5.62 and its 200 day simple moving average is $8.48.
Electrolux (OTCMKTS:ELUXY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.23 billion. As a group, research analysts forecast that Electrolux AB will post 0.26 EPS for the current fiscal year.
About Electrolux
Electrolux Group is a Swedish home-appliance manufacturer that develops and sells products for kitchens, laundry care, and household cleaning. Its portfolio includes refrigerators and freezers, ovens, cooktops, range hoods, dishwashers, washing machines, tumble dryers, vacuum cleaners, and related home-comfort products.
Founded in 1919 and headquartered in Stockholm, Sweden, Electrolux markets products under brands including Electrolux, AEG, and Frigidaire. The company serves consumers and professional customers through retail, online, and other distribution channels across Europe, North America, Latin America, Asia-Pacific, the Middle East, and Africa.
Electrolux focuses on developing appliances designed around energy and water efficiency, food preservation, cooking performance, fabric care, and connected-home functionality.