Schaeffler (OTCMKTS:SCFLF) Downgraded by Citigroup to Hold

Schaeffler (OTCMKTS:SCFLF) was downgraded by Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Schaeffler Price Performance

Shares of OTCMKTS SCFLF opened at $4.80 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.46. Schaeffler has a 1-year low of $4.33 and a 1-year high of $7.39. The business’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $4.79.

About Schaeffler

Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.