AB SKF (OTCMKTS:SKFRY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.43 and last traded at $25.24, with a volume of 11262 shares trading hands. The stock had previously closed at $24.43.
Analyst Upgrades and Downgrades
Separately, Barclays lowered AB SKF from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th.
View Our Latest Research Report on SKFRY
AB SKF Stock Down 0.6%
The firm has a 50-day moving average price of $22.52 and a two-hundred day moving average price of $21.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 2.05. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15.
AB SKF (OTCMKTS:SKFRY - Get Free Report) last issued its earnings results on Friday, July 18th. The industrial products company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.43 by $0.09. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $22.91 billion. AB SKF had a net margin of 5.54% and a return on equity of 14.32%. On average, sell-side analysts forecast that AB SKF will post 1.51 earnings per share for the current year.
AB SKF Company Profile
(
Get Free Report)
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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