AB SKF (OTCMKTS:SKFRY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.59 and last traded at $25.21, with a volume of 823 shares traded. The stock had previously closed at $24.56.
Wall Street Analyst Weigh In
Separately, Barclays downgraded shares of AB SKF from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AB SKF presently has a consensus rating of "Hold".
Check Out Our Latest Research Report on SKFRY
AB SKF Stock Performance
The stock has a 50 day moving average of $23.37 and a 200 day moving average of $21.64. The company has a quick ratio of 1.13, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17.
AB SKF (OTCMKTS:SKFRY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. AB SKF had a return on equity of 14.26% and a net margin of 5.54%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $22.91 billion. As a group, analysts predict that AB SKF will post 1.51 EPS for the current year.
AB SKF 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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