AB SKF (OTCMKTS:SKFRY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of AB SKF (OTCMKTS:SKFRY) saw unusually-high trading volume on Tuesday . Approximately 29,261 shares changed hands during trading, an increase of 49% from the previous session’s volume of 19,679 shares.The stock last traded at $23.4080 and had previously closed at $24.45.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. The Goldman Sachs Group cut AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. BNP Paribas Exane raised AB SKF to a “hold” rating in a research note on Tuesday, December 9th. Rothschild & Co Redburn cut AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Jefferies Financial Group cut AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. Finally, Zacks Research cut AB SKF from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

AB SKF Stock Performance

The business has a fifty day simple moving average of $26.26 and a two-hundred day simple moving average of $26.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.19. The company has a market cap of $10.71 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Friday, January 30th. The industrial products company reported $0.37 EPS 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 business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Research analysts anticipate 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.