AB SKF (OTCMKTS:SKFRY) Stock Price Down 5.3% – Time to Sell?

Shares of AB SKF (OTCMKTS:SKFRY) dropped 5.3% during mid-day trading on Friday . The company 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.

Analyst Ratings Changes

A number of brokerages have commented on SKFRY. Zacks Research raised AB SKF from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Royal Bank Of Canada cut AB SKF from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

AB SKF Trading Down 4.8%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.18. The company’s fifty day moving average is $25.94 and its 200-day moving average is $26.17. The stock has a market cap of $11.82 billion, a PE ratio of 29.50, a PEG ratio of 2.12 and a beta of 1.18.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly 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. AB SKF had a net margin of 4.23% and a return on equity of 13.63%. On average, analysts predict that AB SKF will post 1.8 earnings per share 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.