AB SKF (publ) (OTCMKTS:SKFRY – Get Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.29 and traded as low as $19.97. AB SKF (publ) shares last traded at $20.00, with a volume of 8,087 shares trading hands.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded AB SKF (publ) from a “sell” rating to a “buy” rating in a report on Friday, February 23rd.
Get Our Latest Report on AB SKF (publ)
AB SKF (publ) Stock Performance
AB SKF (publ) (OTCMKTS:SKFRY – Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). AB SKF (publ) had a return on equity of 14.69% and a net margin of 6.17%. The company had revenue of $2.30 billion for the quarter. As a group, equities analysts anticipate that AB SKF will post 1.48 EPS for the current year.
About AB SKF (publ)
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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