AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 21,600 shares, an increase of 839.1% from the August 15th total of 2,300 shares. Based on an average trading volume of 29,900 shares, the short-interest ratio is presently 0.7 days.
AB SKF (publ) Stock Performance
OTCMKTS SKFRY traded up $0.33 on Thursday, reaching $17.79. 33,677 shares of the company's stock traded hands, compared to its average volume of 14,394. The stock has a 50 day moving average price of $18.66 and a 200-day moving average price of $20.36. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.10 and a beta of 1.22. AB SKF has a fifty-two week low of $15.39 and a fifty-two week high of $22.95.
AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.44 billion. AB SKF (publ) had a return on equity of 14.38% and a net margin of 5.68%. As a group, equities research analysts anticipate that AB SKF will post 1.52 EPS 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.
Further Reading
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