AB SKF (OTCMKTS:SKFRY - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $24.05 and last traded at $23.47, with a volume of 3635 shares trading hands. The stock had previously closed at $23.84.
Analyst Upgrades and Downgrades
Separately, Barclays downgraded shares of AB SKF from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.
Check Out Our Latest Research Report on SKFRY
AB SKF Trading Down 0.7%
The stock has a market capitalization of $10.58 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.08 and a beta of 1.15. The stock's 50 day moving average price is $22.00 and its 200-day moving average price is $20.81. The company has a quick ratio of 1.18, a current ratio of 2.05 and a debt-to-equity ratio of 0.24.
AB SKF (OTCMKTS:SKFRY - Get Free Report) last announced its earnings results on Friday, April 25th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $24.86 billion. AB SKF had a return on equity of 14.16% and a net margin of 6.51%. As a group, equities research analysts expect that AB SKF will post 1.51 earnings per share for the current year.
About AB SKF
(
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.
Featured Articles
Before you consider AB SKF, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AB SKF wasn't on the list.
While AB SKF currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
