AB SKF (publ) (OTCMKTS:SKFRY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 8,500 shares, a decline of 78.4% from the December 15th total of 39,400 shares. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is presently 0.2 days.
SKFRY traded up $0.28 during midday trading on Friday, reaching $25.76. 7,888 shares of the company were exchanged, compared to its average volume of 14,154. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.52 and a current ratio of 2.42. AB SKF has a one year low of $22.08 and a one year high of $30.50. The stock has a market capitalization of $11.73 billion, a P/E ratio of 13.85, a PEG ratio of 0.91 and a beta of 1.33. The stock's 50-day simple moving average is $23.79 and its 200 day simple moving average is $24.64.
AB SKF (publ) (OTCMKTS:SKFRY) last issued its earnings results on Monday, October 25th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.42 by $0.05. AB SKF (publ) had a return on equity of 20.31% and a net margin of 8.91%. The firm had revenue of $2.33 billion for the quarter. On average, research analysts anticipate that AB SKF will post 1.79 earnings per share for the current year.
A number of research analysts have recently commented on SKFRY shares. Zacks Investment Research cut shares of AB SKF (publ) from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of AB SKF (publ) from SEK 230 to SEK 245 in a research report on Thursday. Morgan Stanley reaffirmed an "overweight" rating on shares of AB SKF (publ) in a report on Wednesday, October 27th. DNB Markets downgraded shares of AB SKF (publ) from a "buy" rating to a "hold" rating in a report on Wednesday, October 27th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of AB SKF (publ) in a report on Wednesday, October 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $100.05.
AB SKF (publ) Company Profile
SKF AB engages in the manufacture of machine and rotating equipment. It operates through the Industrial and Automotive segments. The Industrial segment comprises of Industrial Sales Americas, Industrial Sales Europe and Middle East and Africa, Industrial Sales Asia, Industrial Units, Bearing Operations, and Aerospace.
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