AB SKF (publ) (OTCMKTS:SKUFF) Stock Price Up 4.9% – Still a Buy?

Shares of AB SKF (publ) (OTCMKTS:SKUFF) rose 4.9% during mid-day trading on Wednesday . The company traded as high as $27.46 and last traded at $27.46. Approximately 1,400 shares changed hands during trading, an increase of 600% from the average daily volume of 200 shares. The stock had previously closed at $26.1860.

AB SKF (publ) Trading Up 4.9%

The business has a fifty day moving average price of $24.02 and a 200 day moving average price of $25.16.

AB SKF (publ) Company Profile

AB SKF (publ) is a Swedish engineering company and one of the world’s leading manufacturers of bearings, seals, lubrication systems and services. The company designs and produces a broad range of rolling and plain bearings, as well as advanced sealing solutions, mechatronics modules and lubrication management systems. SKF’s product portfolio is complemented by a suite of condition monitoring, maintenance and asset performance services aimed at optimizing equipment reliability and reducing operational costs.

SKF serves a diverse set of industries, including automotive, aerospace, energy, industrial manufacturing, marine and rail.