Electrolux (OTCMKTS:ELUXY) Shares Up 8% - Time to Buy?

Key Points

• Electrolux shares rose 8% to $5.81, although trading volume was 93% below the average session volume.
• 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 earnings expectations, reporting a loss of $0.01 per share versus the projected $0.11 profit, despite revenue of $3.42 billion exceeding estimates.

Shares of Electrolux AB (OTCMKTS:ELUXY - Get Free Report) were up 8% during trading on Friday. The company traded as high as $5.81 and last traded at $5.81. 574 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 7,939 shares. The stock had previously closed at $5.38.

Analyst Upgrades and Downgrades

ELUXY has been the topic of several research reports. Dnb Carnegie upgraded shares of Electrolux from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Zacks Research lowered shares of Electrolux from a "hold" rating to a "strong sell" rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Electrolux has a consensus rating of "Hold".

Electrolux Stock Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 1.04 and a quick ratio of 0.72. The company has a 50 day simple moving average of $5.48 and a 200-day simple moving average of $10.16. The firm has a market cap of $821.64 million, a PE ratio of -7.44, a price-to-earnings-growth ratio of 0.92 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last posted its quarterly earnings results on Friday, October 23rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.12). Electrolux had a positive return on equity of 4.38% and a negative net margin of 1.53%. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.35 billion. As a group, equities research analysts anticipate that Electrolux AB will post 0.19 EPS for the current 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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