AB SKF (OTCMKTS:SKFRY - Get Free Report) shares rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $22.89 and last traded at $22.45. Approximately 9,260 shares traded hands during trading, a decline of 19% from the average daily volume of 11,439 shares. The stock had previously closed at $22.31.
Analyst Upgrades and Downgrades
Separately, Barclays downgraded AB SKF from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 24th.
Read Our Latest Analysis on AB SKF
AB SKF Trading Up 0.6%
The company has a current ratio of 2.05, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $20.89 and a 200-day simple moving average of $20.49. The firm has a market cap of $10.22 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.97 and a beta of 1.15.
AB SKF (OTCMKTS:SKFRY - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. AB SKF had a return on equity of 14.16% and a net margin of 6.51%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $24.86 billion. On average, equities research analysts expect that AB SKF will post 1.51 EPS for the current fiscal 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 Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
