AB SKF (OTCMKTS:SKFRY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Trading volume surged 199% to 51,271 shares on Tuesday, with the stock last trading at $23.53—below its 50‑day ($27.01) and 200‑day ($26.29) moving averages.
• Wall Street sentiment has turned negative: the stock carries an average rating of "Reduce" after several downgrades (Jefferies, Zacks, Goldman Sachs), with one Buy, three Hold and two Sell ratings.
• AB SKF missed quarterly EPS expectations ($0.37 vs. $0.41) though revenue beat estimates ($2.48B vs. $2.41B); the company has a $10.72B market cap and a P/E of 27.37.

AB SKF (OTCMKTS:SKFRY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 51,271 shares traded hands during trading, an increase of 199% from the previous session's volume of 17,136 shares.The stock last traded at $23.53 and had previously closed at $23.34.

Wall Street Analyst Weigh In

SKFRY has been the topic of several research reports. Jefferies Financial Group cut shares of AB SKF from a "hold" rating to a "moderate sell" rating in a research report on Sunday, January 25th. Zacks Research lowered AB SKF from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 10th. The Goldman Sachs Group cut AB SKF from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, January 19th. BNP Paribas Exane upgraded shares of AB SKF to a "hold" rating in a research note on Tuesday, December 9th. Finally, Rothschild & Co Redburn cut AB SKF from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce".

AB SKF Price Performance

The company has a market cap of $10.72 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.52 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $27.01 and a two-hundred day simple moving average of $26.29.

AB SKF (OTCMKTS:SKFRY - Get Free Report) last posted its earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). AB SKF had a net margin of 4.20% and a return on equity of 14.27%. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.41 billion. On average, equities research analysts anticipate that AB SKF will post 1.51 earnings per share for the current fiscal year.

About AB SKF

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.

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