AB SKF (OTCMKTS:SKFRY) Sees Strong Trading Volume – Still a Buy?

AB SKF (OTCMKTS:SKFRY) shares saw unusually-strong trading volume on Tuesday . Approximately 51,271 shares traded hands during mid-day trading, an increase of 199% from the previous session’s volume of 17,136 shares.The stock last traded at $23.53 and had previously closed at $23.34.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SKFRY. The Goldman Sachs Group lowered shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Zacks Research cut shares of AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Rothschild & Co Redburn downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. BNP Paribas Exane upgraded AB SKF to a “hold” rating in a report on Tuesday, December 9th. Finally, Jefferies Financial Group lowered AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. One 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.com, AB SKF has a consensus rating of “Reduce”.

AB SKF Trading Up 0.9%

The business has a fifty day moving average price of $27.01 and a 200 day moving average price of $26.29. The company has a market capitalization of $10.72 billion, a PE ratio of 27.37, a P/E/G ratio of 1.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11.

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

About AB SKF

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.