AB SKF (publ) (OTCMKTS:SKFRY) Short Interest Update

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 19,500 shares, a growth of 21.1% from the October 15th total of 16,100 shares. Based on an average daily volume of 71,800 shares, the short-interest ratio is currently 0.3 days.

AB SKF (publ) Stock Down 3.0 %

Shares of OTCMKTS:SKFRY opened at $17.28 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.32. AB SKF has a 12 month low of $12.57 and a 12 month high of $26.20. The company has a 50-day moving average price of $14.47 and a 200 day moving average price of $15.62. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.32 and a beta of 1.30.

AB SKF (publ) (OTCMKTS:SKFRYGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.08). The firm had revenue of $2.37 billion during the quarter. AB SKF (publ) had a return on equity of 12.32% and a net margin of 5.83%. As a group, equities research analysts predict that AB SKF will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on SKFRY shares. Jefferies Financial Group downgraded shares of AB SKF (publ) from a “hold” rating to an “underperform” rating and set a $123.00 price objective for the company. in a report on Tuesday, September 27th. Credit Suisse Group dropped their price objective on shares of AB SKF (publ) from SEK 150 to SEK 135 and set an “underperform” rating for the company in a report on Wednesday, October 26th. Berenberg Bank dropped their price objective on shares of AB SKF (publ) from SEK 215 to SEK 175 and set a “buy” rating for the company in a report on Thursday, October 27th. Nordea Equity Research downgraded shares of AB SKF (publ) from a “buy” rating to a “hold” rating in a report on Friday, September 30th. Finally, Barclays lowered their price target on shares of AB SKF (publ) from SEK 120 to SEK 115 in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AB SKF (publ) has a consensus rating of “Hold” and an average price target of $173.33.

About AB SKF (publ)

(Get Rating)

AB SKF (publ) engages in the design, development, and manufacture of bearings, seals, lubrication systems, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling bearings, mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, magnetic bearings and systems, industrial and automotive seals, lubrication management solutions, maintenance products, condition monitoring systems, power transmission solutions, test and measuring equipment, vehicle aftermarket, and waste electric and electronic equipment products.

Further Reading

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