AB SKF (OTCMKTS:SKFRY) Trading Up 0.7% - Time to Buy?

Key Points

• AB SKF's shares increased by 0.7% during mid-day trading, reaching a last price of $25.54 with an increase in trading volume compared to the average.
• Zacks Research upgraded the stock from a "hold" to a "strong-buy" rating, contributing to an overall average rating of "Buy" for the company.
• With a market cap of $11.63 billion and a P/E ratio of 22.60, AB SKF operates globally in manufacturing bearings and units, among other products.

Shares of AB SKF (OTCMKTS:SKFRY - Get Free Report) were up 0.7% during mid-day trading on Tuesday . The stock traded as high as $25.89 and last traded at $25.54. Approximately 10,576 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 9,839 shares. The stock had previously closed at $25.36.

Analyst Upgrades and Downgrades

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

AB SKF Trading Up 0.7%

The business's 50-day moving average price is $25.21 and its 200 day moving average price is $22.85. The company has a market cap of $11.63 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.96 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.13 and a current ratio of 1.96.

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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