Schaeffler AG (OTCMKTS:SFFLY – Get Free Report)’s stock price dropped 8.5% on Friday. The stock traded as low as $6.11 and last traded at $6.13. 1,702 shares changed hands during trading, a decline of 72% from the average session volume of 5,979 shares. The stock had previously closed at $6.70.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Schaeffler to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Schaeffler has an average rating of “Hold”.
Get Our Latest Analysis on SFFLY
Schaeffler Stock Performance
The company has a 50-day simple moving average of $7.86 and a 200-day simple moving average of $9.24.
Schaeffler Company Profile
Schaeffler AG is a Germany-based global supplier of automotive and industrial components and systems. The company develops and manufactures rolling and plain bearings, precision components, drivetrain technologies, and related products used in vehicles, machinery, wind turbines, aerospace applications, and other industrial equipment.
In the automotive sector, Schaeffler provides products for engines, transmissions, chassis, and vehicle electrification, including hybrid and electric-drive components.
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