Electrolux (OTCMKTS:ELUXY) Shares Gap Up - Time to Buy?

Key Points

• Electrolux shares jumped 7.2%, opening at $5.75 versus a prior close of $5.38, though trading volume was light at 1,340 shares.
• Analyst sentiment remains mixed: DNB Carnegie upgraded the stock to “strong buy,” while Zacks Research downgraded it to “strong sell.” The overall consensus rating is “Hold.”
• Electrolux missed quarterly EPS expectations, reporting a loss of $0.01 per share versus an expected profit of $0.11, although revenue of $3.42 billion exceeded estimates.

Electrolux AB (OTCMKTS:ELUXY - Get Free Report)'s stock price gapped up before the market opened on Thursday. The stock had previously closed at $5.38, but opened at $5.75. Electrolux shares last traded at $5.77, with a volume of 1,340 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ELUXY. Zacks Research downgraded Electrolux from a "hold" rating to a "strong sell" rating in a research report on Friday, October 23rd. Dnb Carnegie raised Electrolux from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Electrolux Trading Up 7.2%

The company's 50 day simple moving average is $5.48 and its two-hundred day simple moving average is $10.20. The stock has a market cap of $816.68 million, a price-to-earnings ratio of -7.40, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.72 and a current ratio of 1.04.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last posted its earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). Electrolux had a negative net margin of 1.53% and a positive return on equity of 4.38%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.35 billion. Research analysts expect that Electrolux AB will post 0.26 EPS for the current fiscal year.

Electrolux Company Profile

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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