Electrolux (OTCMKTS:ELUXY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Electrolux shares experienced unusually strong trading volume with approximately 3,159 shares exchanged, despite a slight decline of 5% from the previous day's volume.
• Analysts have a consensus rating of "Hold" on Electrolux, with adjustments including a recent upgrade from Zacks Research from "strong sell" to "hold."
• The company reported earnings of $0.13 per share, significantly missing analysts' expectations of $0.53, alongside a revenue of $3.20 billion.

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 3,159 shares were traded during mid-day trading, a decline of 5% from the previous session's volume of 3,339 shares.The stock last traded at $11.67 and had previously closed at $11.26.

Analysts Set New Price Targets

Several equities research analysts have commented on ELUXY shares. Zacks Research upgraded Electrolux from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Electrolux in a research report on Tuesday, October 14th. They set a "hold" rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Electrolux Price Performance

The company has a debt-to-equity ratio of 4.02, a quick ratio of 0.59 and a current ratio of 0.96. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 130.85 and a beta of 1.10. The company has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $12.90.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last posted its earnings results on Friday, July 18th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.40). The business 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, equities research analysts forecast that Electrolux AB will post 2.13 EPS for the current year.

Electrolux Company Profile

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.

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