AB SKF (OTCMKTS:SKFRY) Shares Gap Up – Should You Buy?

AB SKF (OTCMKTS:SKFRY) gapped up prior to trading on Monday . The stock had previously closed at $27.3750, but opened at $28.38. AB SKF shares last traded at $28.31, with a volume of 485 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. 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 data from MarketBeat, AB SKF presently has an average rating of “Hold”.

AB SKF Stock Up 1.7%

The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 1.95 and a beta of 1.17. The business has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $26.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Friday, July 17th. The industrial products company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. AB SKF had a net margin of 5.05% and a return on equity of 13.27%. On average, equities analysts expect that AB SKF will post 1.81 EPS for the current 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.