AB SKF (SKFRY) Downgraded to Sell at Zacks Investment Research
AB SKF (NASDAQ:SKFRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
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, Jefferies Group cut AB SKF from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th.
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Shares of AB SKF (NASDAQ:SKFRY) opened at 16.71 on Tuesday. The stock has a market cap of $7.61 billion and a price-to-earnings ratio of 23.14. AB SKF has a 1-year low of $14.25 and a 1-year high of $18.87. The company has a 50-day moving average price of $16.75 and a 200-day moving average price of $16.95.
About AB SKF
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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