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.

Electrolux AB (OTCMKTS:ELUXY - Get Free Report) shares saw an uptick in trading volume on Monday . 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 Analysts Forecast Growth

Separately, Barclays reiterated an "underweight" rating on shares of Electrolux in a research note on Wednesday, June 18th.

Electrolux Stock Down 2.5%

The firm has a fifty day moving average price of $13.57 and a 200 day moving average price of $14.79. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 4.02. The company has a market cap of $1.75 billion, a P/E ratio of 137.24 and a beta of 1.11.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.40). The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $33.03 billion. Electrolux had a net margin of 0.11% and a return on equity of 1.61%. Equities research analysts forecast 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.

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