AB SKF (OTCMKTS:SKFRY) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Shares of AB SKF (OTCMKTS:SKFRY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $27.34, but opened at $26.29. AB SKF shares last traded at $26.54, with a volume of 1,269 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. BNP Paribas raised AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Finally, Zacks Research upgraded AB SKF from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AB SKF currently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on AB SKF

AB SKF Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 3.09 and a beta of 1.13. The stock’s fifty day simple moving average is $25.90 and its 200-day simple moving average is $24.65.

AB SKF (OTCMKTS:SKFRY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.29 billion. Analysts predict that AB SKF will post 1.51 EPS for the current year.

AB SKF Company Profile

(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.

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