AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $19.19 and traded as high as $20.00. AB SKF (publ) shares last traded at $19.98, with a volume of 20,480 shares trading hands.
Analysts Set New Price Targets
Separately, Citigroup upgraded AB SKF (publ) to a "hold" rating in a report on Friday, October 11th.
View Our Latest Stock Report on SKFRY
AB SKF (publ) Price Performance
The company has a current ratio of 2.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $19.20 and a 200-day moving average price of $19.30. The firm has a market capitalization of $9.00 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21.
AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The company had revenue of $2.27 billion for the quarter. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. On average, analysts expect that AB SKF will post 1.26 earnings per share for the current year.
AB SKF (publ) Company Profile
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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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