AB SKF (OTCMKTS:SKFRY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 47,386 shares, a growth of 186.1% from the September 30th total of 16,565 shares. Based on an average daily volume of 35,492 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s stock are short sold.
AB SKF Stock Up 0.9%
AB SKF stock opened at $28.39 on Friday. AB SKF has a twelve month low of $22.26 and a twelve month high of $29.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 2.19. The firm has a market cap of $12.93 billion, a PE ratio of 15.99, a P/E/G ratio of 3.06 and a beta of 1.19. The firm’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $26.61.
AB SKF (OTCMKTS:SKFRY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. AB SKF had a net margin of 5.66% and a return on equity of 12.96%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, research analysts predict that AB SKF will post 1.77 EPS for the current fiscal year.
AB SKF Company Profile
AB SKF is a Sweden-based industrial technology company that develops and supplies products and services for rotating equipment. Its portfolio includes bearings, seals, lubrication systems, and condition-monitoring technologies designed to improve the reliability, efficiency, and service life of machinery.
SKF serves customers across industries such as automotive, aerospace, energy, rail, industrial manufacturing, and heavy equipment. In addition to component manufacturing, the company provides engineering expertise, maintenance services, remanufacturing, and digital solutions that help customers monitor equipment performance and manage rotating assets.
Founded in Gothenburg, Sweden, in 1907, SKF has grown into an international group serving customers through operations and distribution networks across Europe, the Americas, Asia, and other global markets.
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