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AB SKF (publ) (OTCMKTS:SKFRY) Hits New 52-Week High - Here's Why

AB SKF (publ) logo with Industrial Products background
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AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.12 and last traded at $23.06, with a volume of 5363 shares trading hands. The stock had previously closed at $21.94.

AB SKF (publ) Stock Performance

The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24. The firm's fifty day moving average price is $20.51 and its 200 day moving average price is $19.57.

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.11. AB SKF (publ) had a return on equity of 13.95% and a net margin of 6.57%. Analysts forecast that AB SKF will post 1.51 EPS for the current fiscal year.

AB SKF (publ) Company Profile

(Get Free Report)

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.

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