AB SKF (publ) (OTCMKTS:SKFRY) Shares Pass Below 50-Day Moving Average – Here’s Why

AB SKF (publ) (OTCMKTS:SKFRY)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.25 and traded as low as $18.77. AB SKF (publ) shares last traded at $18.94, with a volume of 22,732 shares trading hands.

Analyst Ratings Changes

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

AB SKF (publ) Stock Performance

The firm has a market capitalization of $8.65 billion, a PE ratio of 16.23, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36. The business has a 50-day simple moving average of $19.25 and a 200-day simple moving average of $19.18.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $2.27 billion for the quarter. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. Equities research analysts expect that AB SKF will post 1.26 earnings per share for the current fiscal year.

AB SKF (publ) Company Profile

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.