AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.44 and traded as low as $19.08. AB SKF (publ) shares last traded at $19.23, with a volume of 22,984 shares traded.
Analysts Set New Price Targets
Separately, Barclays downgraded shares of AB SKF (publ) from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.
Get Our Latest Stock Report on AB SKF (publ)
AB SKF (publ) Price Performance
The stock has a market cap of $8.93 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.24 and a beta of 1.17. The business has a 50 day simple moving average of $20.31 and a 200-day simple moving average of $19.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.13 and a current ratio of 2.01.
AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last posted 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. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $24.86 billion. AB SKF (publ) had a net margin of 6.57% and a return on equity of 13.95%. On average, sell-side analysts forecast that AB SKF will post 1.51 EPS for the current year.
AB SKF (publ) 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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