AB SKF (publ) (OTCMKTS:SKFRY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Posted by Adam Masters on Jan 19th, 2025

Shares of AB SKF (publ) (OTCMKTS:SKFRY – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.21 and traded as high as $19.33. AB SKF (publ) shares last traded at $19.33, with a volume of 49,700 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of AB SKF (publ) to a “hold” rating in a report on Friday, October 11th.

Get Our Latest Research Report on SKFRY

AB SKF (publ) Price Performance

The company has a current ratio of 2.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $8.90 billion, a PE ratio of 16.71, a P/E/G ratio of 1.26 and a beta of 1.20. The business has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $19.03.

AB SKF (publ) (OTCMKTS:SKFRY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. The firm had revenue of $2.27 billion for the quarter. Research analysts forecast that AB SKF will post 1.26 earnings per share for the current year.

About AB SKF (publ)

(Get Free Report)

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.