AB SKF (OTCMKTS:SKFRY) Sets New 12-Month High – Here’s What Happened
by Danessa Lincoln · The Markets DailyAB SKF (OTCMKTS:SKFRY – Get Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as $28.75 and last traded at $28.75, with a volume of 5006 shares. The stock had previously closed at $28.33.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Zacks Research cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Rothschild Redb cut AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Jefferies Financial Group cut AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday. BNP Paribas Exane raised AB SKF to a “hold” rating in a report on Tuesday, December 9th. Finally, The Goldman Sachs Group downgraded shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AB SKF currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on SKFRY
AB SKF Trading Up 1.5%
The company has a market capitalization of $13.09 billion, a PE ratio of 27.64, a PEG ratio of 2.89 and a beta of 1.13. The stock has a fifty day moving average of $26.66 and a two-hundred day moving average of $25.67. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.
AB SKF (OTCMKTS:SKFRY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.29 billion. As a group, sell-side analysts anticipate that AB SKF will post 1.51 earnings per share for the current fiscal year.
AB SKF Company Profile
AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.
Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.