AB SKF (OTCMKTS:SKFRY) Hits New 12-Month High - Time to Buy?

Key Points

• AB SKF (OTCMKTS:SKFRY) has reached a new 52-week high price of $27.10, closing at $26.55 with a trading volume of 2018 shares.
• Zacks Research has upgraded AB SKF's rating from "hold" to "strong-buy," with the consensus rating currently set to "Buy" among analysts.
• The company operates globally in manufacturing bearings and lubrication systems, with strong financial metrics including a debt-to-equity ratio of 0.26 and a market cap of $12.09 billion.

AB SKF (OTCMKTS:SKFRY - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $27.10 and last traded at $26.55, with a volume of 2018 shares trading hands. The stock had previously closed at $25.94.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded AB SKF from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

AB SKF Stock Up 2.4%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.13. The stock has a market cap of $12.09 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.19. The business has a fifty day moving average of $25.25 and a 200-day moving average of $22.93.

AB SKF Company Profile

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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