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

AB SKF (OTCMKTS:SKFRY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $28.81, but opened at $26.40. AB SKF shares last traded at $26.40, with a volume of 1,254 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday, January 25th. Zacks Research cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane raised AB SKF to a “hold” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Rothschild Redb lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AB SKF presently has a consensus rating of “Hold”.

AB SKF Stock Up 1.4%

The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $12.08 billion, a PE ratio of 30.85, a PEG ratio of 2.58 and a beta of 1.15. The business has a fifty day moving average of $26.85 and a 200 day moving average of $25.77.

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.