AB SKF (SKFRY) Downgraded by Jefferies Group to “Hold”
AB SKF (NASDAQ:SKFRY) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
Separately, Zacks Investment Research lowered shares of AB SKF from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
AB SKF (NASDAQ:SKFRY) traded down 2.69% during midday trading on Tuesday, reaching $17.17. 2,891 shares of the company’s stock traded hands. The stock has a market capitalization of $7.82 billion and a price-to-earnings ratio of 23.59. The company’s 50-day moving average price is $16.82 and its 200 day moving average price is $17.00. AB SKF has a 52 week low of $14.25 and a 52 week high of $20.10.
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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 operates through three business areas: Industrial Market, Automotive Market and Specialty Business.
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