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

AB SKF (OTCMKTS:SKFRY) shares gapped down before the market opened on Monday . The stock had previously closed at $27.34, but opened at $26.29. AB SKF shares last traded at $26.54, with a volume of 1,269 shares traded.

Analyst Upgrades and Downgrades

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

AB SKF Stock Performance

The firm’s 50 day moving average price is $25.90 and its two-hundred day moving average price is $24.65. The firm has a market cap of $12.06 billion, a PE ratio of 25.46, a PEG ratio of 3.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 2.16.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.29 billion. AB SKF had a return on equity of 14.26% and a net margin of 5.07%. On average, research analysts forecast that AB SKF will post 1.51 earnings per share for the current year.

About AB SKF

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.