AB SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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 cut shares of AB SKF from a “neutral” rating to an “underweight” rating in a report on Friday, December 8th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.00.

AB SKF (OTCMKTS SKFRY) traded down $0.24 during midday trading on Wednesday, hitting $21.71. 12,065 shares of the company’s stock were exchanged, compared to its average volume of 17,078. The stock has a market capitalization of $9,967.61, a PE ratio of 19.03, a P/E/G ratio of 1.14 and a beta of 0.36. AB SKF has a fifty-two week low of $17.95 and a fifty-two week high of $23.25. The company has a current ratio of 2.26, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

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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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Analyst Recommendations for AB SKF (OTCMKTS:SKFRY)

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