AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 20,400 shares, an increase of 264.3% from the May 15th total of 5,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is currently 0.9 days.
Analyst Upgrades and Downgrades
Separately, Barclays lowered shares of AB SKF (publ) from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 24th.
View Our Latest Stock Analysis on AB SKF (publ)
AB SKF (publ) Stock Performance
OTCMKTS:SKFRY traded down $0.45 during mid-day trading on Friday, hitting $21.90. The company's stock had a trading volume of 10,411 shares, compared to its average volume of 24,538. AB SKF has a 1 year low of $15.86 and a 1 year high of $24.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.01 and a quick ratio of 1.13. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.24 and a beta of 1.15. The business's fifty day moving average is $20.31 and its two-hundred day moving average is $20.38.
AB SKF (publ) (OTCMKTS:SKFRY - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The industrial products company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. AB SKF (publ) had a net margin of 6.57% and a return on equity of 13.95%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $24.86 billion. Analysts anticipate that AB SKF will post 1.51 EPS for the current fiscal 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.
See Also
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