AB SKF (OTCMKTS:SKFRY) Hits New 12-Month High at $19.95

AB SKF (OTCMKTS:SKFRY) shares reached a new 52-week high on Thursday . The stock traded as high as $19.95 and last traded at $19.95, with a volume of 11400 shares. The stock had previously closed at $19.69.

Separately, Zacks Investment Research cut shares of AB SKF from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus price target of $20.00.

The company’s 50-day moving average is $18.92 and its two-hundred day moving average is $17.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.25 and a quick ratio of 1.38. The firm has a market cap of $9.08 billion, a P/E ratio of 11.29, a PEG ratio of 9.09 and a beta of 1.14.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.30 earnings per share for the quarter. AB SKF had a net margin of 7.74% and a return on equity of 18.16%. The business had revenue of $2.19 billion during the quarter. On average, analysts expect that AB SKF will post 1.43 EPS for the current fiscal year.

AB SKF Company Profile (OTCMKTS:SKFRY)

AB SKF (publ) offers bearings, seals, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; lubricants; actuation systems, ball and roller screws, linear guides and tables, and engineering tools; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and suspension products.

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