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AB SKF (publ) (OTCMKTS:SKFRY) Stock Price Passes Above Fifty Day Moving Average - Here's Why

AB SKF (publ) logo with Industrial Products background

AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.71 and traded as high as $21.87. AB SKF (publ) shares last traded at $21.68, with a volume of 12,636 shares traded.

AB SKF (publ) Trading Down 3.2 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.13 and a current ratio of 2.01. The stock has a market capitalization of $9.78 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The stock has a 50-day moving average price of $19.82 and a two-hundred day moving average price of $19.22.

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

About AB SKF (publ)

(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.

Further Reading

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