Electrolux (OTCMKTS:ELUXY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Shares of Electrolux traded an unusually-high 92,137 shares on Monday, a 689% increase from the prior session, with the stock last at $13.43 (about a 1.8% decline from the previous close).
• Analyst sentiment is muted to negative — four Hold ratings and one Sell leave the consensus rating listed as Reduce.
• Electrolux posted a quarterly EPS of $0.36 versus $0.98 expected (a notable miss) while beating revenue estimates $3.96B vs. $3.79B; the company shows slim profitability (net margin 0.69%) and high leverage (debt/equity 3.57).

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 92,137 shares changed hands during mid-day trading, an increase of 689% from the previous session's volume of 11,678 shares.The stock last traded at $13.43 and had previously closed at $13.6850.

Analyst Upgrades and Downgrades

ELUXY has been the topic of a number of recent analyst reports. Citigroup restated a "neutral" rating on shares of Electrolux in a report on Thursday, January 22nd. Zacks Research cut shares of Electrolux from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 2nd. The Goldman Sachs Group upgraded shares of Electrolux to a "hold" rating in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Electrolux in a report on Monday, February 2nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce".

Electrolux Stock Down 1.8%

The business's 50 day moving average is $15.33 and its 200 day moving average is $13.66. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 20.05 and a beta of 1.20. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.66 and a current ratio of 0.96.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last released its earnings results on Friday, January 30th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.62). The company had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.79 billion. Electrolux had a return on equity of 10.82% and a net margin of 0.69%. Sell-side 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.