AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 34,400 shares, a drop of 22.3% from the October 31st total of 44,300 shares. Based on an average daily trading volume, of 73,300 shares, the short-interest ratio is currently 0.5 days.
AB SKF (publ) Price Performance
Shares of OTCMKTS:SKFRY traded up $0.41 during trading on Friday, hitting $18.82. 14,789 shares of the stock were exchanged, compared to its average volume of 35,213. 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 company has a fifty day moving average price of $19.09 and a two-hundred day moving average price of $19.49. AB SKF has a 12-month low of $17.15 and a 12-month high of $22.95. The company has a market cap of $8.57 billion, a PE ratio of 16.09 and a beta of 1.23.
AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.98%. The firm had revenue of $2.27 billion during the quarter.
Analyst Ratings Changes
Separately, Citigroup raised AB SKF (publ) to a "hold" rating in a report on Friday, October 11th.
View Our Latest Stock Report on SKFRY
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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