AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 7,900 shares, a drop of 65.7% from the September 30th total of 23,000 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.4 days.
AB SKF (publ) Price Performance
SKFRY stock traded up $0.02 during trading on Friday, hitting $18.95. 7,308 shares of the company's stock traded hands, compared to its average volume of 14,116. AB SKF has a 52 week low of $15.70 and a 52 week high of $22.95. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.17 and a beta of 1.23. The business has a fifty day simple moving average of $18.85 and a 200 day simple moving average of $19.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36.
Analysts Set New Price Targets
Separately, Citigroup raised AB SKF (publ) to a "hold" rating in a research note on Friday, October 11th.
Check Out Our Latest Stock Report on AB SKF (publ)
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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