AB SKF (OTCMKTS:SKFRY) Shares Gap Down – Here’s What Happened

AB SKF (OTCMKTS:SKFRY) shares gapped down before the market opened on Friday . The stock had previously closed at $25.34, but opened at $24.2250. AB SKF shares last traded at $24.06, with a volume of 8,322 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on SKFRY shares. Deutsche Bank Aktiengesellschaft upgraded shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group downgraded shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday, January 25th. BNP Paribas Exane raised shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. Zacks Research downgraded shares of AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AB SKF has an average rating of “Reduce”.

AB SKF Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. The stock has a 50 day moving average of $27.44 and a 200 day moving average of $26.37. The stock has a market capitalization of $10.72 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.56 and a beta of 1.13.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Friday, January 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). AB SKF had a net margin of 4.20% and a return on equity of 14.27%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.41 billion. Equities analysts predict that AB SKF will post 1.51 EPS for the current year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.