Electrolux (OTCMKTS:ELUXY) Shares Gap Up - What's Next?

Key Points

• Electrolux shares gapped up from a previous close of $11.09 to open at $11.40, with the latest trade at $11.49 and a trading volume of 673 shares.
• Research analysts have recently upgraded Electrolux from a "strong sell" to a "hold" rating, resulting in an average rating of "Hold" across multiple assessments.
• The company's quarterly earnings report revealed a significant earnings miss, reporting $0.13 per share against an estimated $0.53 and revenue of $3.20 billion, starkly below the expected $33.03 billion.

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $11.09, but opened at $11.40. Electrolux shares last traded at $11.49, with a volume of 673 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Electrolux from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Electrolux in a research report on Tuesday. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Electrolux Stock Performance

The stock has a market capitalization of $1.62 billion, a P/E ratio of 127.46 and a beta of 1.10. The company's 50-day moving average is $11.65 and its two-hundred day moving average is $12.98. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 4.02.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last issued 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). 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%. As a group, sell-side analysts anticipate that Electrolux AB will post 2.13 EPS for the current fiscal 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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