AB SKF (OTCMKTS:SKFRY) Shares Down 5.3% – Time to Sell?

AB SKF (OTCMKTS:SKFRY) fell 5.3% during trading on Friday . The company traded as low as $25.76 and last traded at $25.8175. 741 shares traded hands during trading, a decline of 96% from the average session volume of 19,230 shares. The stock had previously closed at $27.26.

Analyst Ratings Changes

SKFRY has been the subject of several analyst reports. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, AB SKF currently has an average rating of “Hold”.

AB SKF Stock Down 4.8%

The company has a market cap of $11.82 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.12 and a beta of 1.18. The business has a fifty day moving average of $25.94 and a two-hundred day moving average of $26.17. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23.

AB SKF (OTCMKTS:SKFRY) last announced its earnings results on Friday, July 17th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. AB SKF had a return on equity of 13.63% and a net margin of 4.23%. As a group, equities analysts anticipate that AB SKF will post 1.8 EPS for the current fiscal 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.