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

Shares of AB SKF (OTCMKTS:SKFRY) gapped down prior to trading on Tuesday . The stock had previously closed at $27.03, but opened at $26.02. AB SKF shares last traded at $26.02, with a volume of 365 shares.

Analyst Ratings Changes

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Zacks Research raised AB SKF from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Finally, BNP Paribas upgraded shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

AB SKF Stock Performance

The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.76 and a beta of 1.13. The stock has a 50-day moving average price of $26.22 and a 200-day moving average price of $25.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.16 and a quick ratio of 1.20.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a return on equity of 14.26% and a net margin of 5.07%.The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.29 billion. As a group, analysts forecast that AB SKF will post 1.51 earnings per share 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.