AB Electrolux (publ) (OTCMKTS:ELUXY) Rating Increased to Strong-Buy at Redburn Atlantic

AB Electrolux (publ) (OTCMKTS:ELUXY) was upgraded by investment analysts at Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

AB Electrolux (publ) Stock Performance

Shares of ELUXY stock opened at $19.01 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 3.61. The firm has a fifty day simple moving average of $16.17 and a two-hundred day simple moving average of $17.37. AB Electrolux has a 12 month low of $14.19 and a 12 month high of $19.96. The firm has a market capitalization of $2.69 billion, a PE ratio of -4.85 and a beta of 1.22.

AB Electrolux (publ) (OTCMKTS:ELUXY) last posted its earnings results on Friday, October 25th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.49). AB Electrolux (publ) had a negative return on equity of 30.59% and a negative net margin of 4.21%. The business had revenue of $3.20 billion for the quarter. Analysts forecast that AB Electrolux will post -0.42 EPS for the current fiscal year.

About AB Electrolux (publ)

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.