AB SKF (OTCMKTS:SKFRY) Stock Price Down 5.3% – Should You Sell?

Shares of AB SKF (OTCMKTS:SKFRY) traded down 5.3% on Friday . The stock traded as low as $25.76 and last traded at $25.8175. Approximately 741 shares were traded during mid-day trading, a decline of 96% from the average session volume of 19,230 shares. The stock had previously closed at $27.26.

Analysts Set New Price Targets

SKFRY has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research upgraded shares of AB SKF from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AB SKF presently has an average rating of “Hold”.

AB SKF Stock Down 5.3%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 2.09. The firm has a fifty day simple moving average of $25.94 and a 200-day simple moving average of $26.16. The company has a market capitalization of $11.76 billion, a PE ratio of 24.36, a P/E/G ratio of 2.02 and a beta of 1.18.

AB SKF (OTCMKTS:SKFRY) last released its earnings results on Friday, July 17th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. AB SKF had a return on equity of 13.63% and a net margin of 4.23%. Equities research analysts anticipate that AB SKF will post 1.8 EPS for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.