Zacks Investment Research cut shares of AB SKF (OTCMKTS:SKFRY) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “

Separately, J P Morgan Chase & Co downgraded AB SKF from a neutral rating to an underweight rating in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average target price of $24.00.

Shares of AB SKF (OTCMKTS SKFRY) traded up $0.01 during mid-day trading on Wednesday, reaching $21.72. The company’s stock had a trading volume of 1,249 shares, compared to its average volume of 17,089. AB SKF has a fifty-two week low of $17.95 and a fifty-two week high of $23.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 2.26. The stock has a market capitalization of $9,996.75, a P/E ratio of 19.09, a PEG ratio of 1.14 and a beta of 0.36.

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AB SKF Company Profile

AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company’s segments include Industrial and Automotive.

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