Electrolux (OTCMKTS:ELUXY) Shares Gap Up - Should You Buy?

Key Points

• Electrolux shares jumped: The stock opened at $5.39 versus a prior close of $5.19 and last traded at $5.40, though trading volume was only 2,100 shares.
• Analyst sentiment remains neutral: Zacks Research upgraded Electrolux from “strong sell” to “hold,” while all five tracked analysts rate the stock Hold.
• Recent results were weak: Electrolux reported a quarterly loss of $0.01 per share, missing the $0.11 consensus estimate; the company also has a negative net margin and trades below its 50-day and 200-day moving averages.

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $5.19, but opened at $5.39. Electrolux shares last traded at $5.40, with a volume of 2,100 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Electrolux from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of "Hold".

Electrolux Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $761.49 million, a PE ratio of -9.96, a PEG ratio of 0.66 and a beta of 1.22. The business has a fifty day moving average price of $5.53 and a 200-day moving average price of $8.22.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last issued its earnings results on Friday, October 23rd. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). Electrolux had a positive return on equity of 6.76% and a negative net margin of 1.14%. Research analysts expect that Electrolux AB will post 0.26 EPS for the current fiscal year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.

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