Electrolux (OTCMKTS:ELUXY) Sees Strong Trading Volume - What's Next?

Key Points

• Electrolux experienced a significant increase in trading volume, with 9,038 shares traded, representing a 175% rise from the previous session's volume of 3,281 shares.
• The company reported quarterly earnings of $0.13 per share, missing the consensus estimate of $0.53 by $0.40, with revenues at $3.20 billion against an estimated $33.03 billion.
• Barclays maintained an "underweight" rating for Electrolux, indicating potential concerns about the stock's performance despite analysts forecasting an EPS of 2.13 for the current year.

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 9,038 shares were traded during trading, an increase of 175% from the previous session's volume of 3,281 shares.The stock last traded at $12.35 and had previously closed at $12.67.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an "underweight" rating on shares of Electrolux in a report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Electrolux Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 4.02. The firm has a market cap of $1.82 billion, a P/E ratio of 143.24 and a beta of 1.11. The company has a fifty day moving average price of $13.50 and a two-hundred day moving average price of $14.63.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last released its quarterly earnings data 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). Electrolux had a net margin of 0.11% and a return on equity of 1.61%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $33.03 billion. Equities analysts anticipate that Electrolux AB will post 2.13 earnings per share 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.