Shares of AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.88 and traded as low as $18.68. AB SKF (publ) shares last traded at $18.73, with a volume of 20,648 shares trading hands.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded shares of AB SKF (publ) to a "hold" rating in a research report on Friday, October 11th.
Get Our Latest Stock Analysis on AB SKF (publ)
AB SKF (publ) Price Performance
The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. The firm has a market cap of $8.53 billion, a P/E ratio of 16.01, a PEG ratio of 1.23 and a beta of 1.23. The stock's 50-day simple moving average is $18.88 and its two-hundred day simple moving average is $19.75.
AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The firm had revenue of $2.27 billion during the quarter. AB SKF (publ) had a net margin of 5.69% and a return on equity of 13.98%. Equities research analysts forecast that AB SKF will post 1.47 earnings per share for the current fiscal 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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