AB SKF (OTCMKTS:SKFRY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

AB SKF (OTCMKTS:SKFRY)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $24.76 and traded as low as $24.33. AB SKF shares last traded at $24.33, with a volume of 25,250 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on SKFRY. Rothschild & Co Redburn cut shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Jefferies Financial Group downgraded AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. Zacks Research downgraded AB SKF from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Finally, Royal Bank Of Canada downgraded AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

AB SKF Stock Down 1.7%

The company has a market cap of $11.08 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 1.91 and a beta of 1.18. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $24.76 and a two-hundred day moving average price of $26.17.

AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.44 billion. AB SKF had a return on equity of 14.05% and a net margin of 4.23%. On average, equities analysts predict that AB SKF will post 1.81 earnings per share for the current 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.