AB SKF (publ) (OTCMKTS:SKFRY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Posted by Linda Flegge on Dec 28th, 2024

Shares of AB SKF (publ) (OTCMKTS:SKFRY – Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $19.25 and traded as low as $18.77. AB SKF (publ) shares last traded at $18.94, with a volume of 22,732 shares.

Analysts Set New Price Targets

Separately, Citigroup raised AB SKF (publ) to a “hold” rating in a research report on Friday, October 11th.

Get Our Latest Stock Analysis on SKFRY

AB SKF (publ) Trading Up 0.3 %

The stock’s fifty day moving average price is $19.25 and its 200 day moving average price is $19.18. The stock has a market capitalization of $8.65 billion, a P/E ratio of 16.23, a PEG ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36.

AB SKF (publ) (OTCMKTS:SKFRY – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. The company had revenue of $2.27 billion for the quarter. Research analysts forecast that AB SKF will post 1.26 earnings per share for the current year.

About AB SKF (publ)

(Get Free Report)

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.