AB SKF (OTCMKTS:SKFRY) Shares Gap Up – Should You Buy?

AB SKF (OTCMKTS:SKFRY) shares gapped up prior to trading on Monday . The stock had previously closed at $26.10, but opened at $27.2050. AB SKF shares last traded at $27.0550, with a volume of 391 shares traded.

Analyst Upgrades and Downgrades

SKFRY has been the subject of several research reports. Rothschild & Co Redburn cut AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Zacks Research cut AB SKF from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group downgraded AB SKF from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, January 19th. Jefferies Financial Group lowered shares of AB SKF from a “hold” rating to a “moderate sell” rating in a research report on Sunday, January 25th. Finally, Royal Bank Of Canada cut shares of AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AB SKF presently has a consensus rating of “Reduce”.

AB SKF Stock Performance

The stock’s 50-day moving average is $25.85 and its 200-day moving average is $26.24. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.19.

AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.44 billion. Analysts anticipate that AB SKF will post 1.84 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.