AB SKF (publ) (OTCMKTS:SKFRY) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

AB SKF (publ) (OTCMKTS:SKFRY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.88 and traded as low as $18.68. AB SKF (publ) shares last traded at $18.73, with a volume of 20,648 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup raised AB SKF (publ) to a “hold” rating in a report on Friday, October 11th.

AB SKF (publ) Trading Down 0.9 %

The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 2.36. The firm has a fifty day moving average price of $18.88 and a 200-day moving average price of $19.75.

AB SKF (publ) (OTCMKTS:SKFRY) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $2.27 billion for the quarter. AB SKF (publ) had a return on equity of 13.98% and a net margin of 5.69%. As a group, equities analysts anticipate that AB SKF will post 1.47 EPS for the current year.

About AB SKF (publ)

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.