AB SKF (OTCMKTS:SKFRY) Shares Gap Down – What’s Next?

AB SKF (OTCMKTS:SKFRY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $29.26, but opened at $27.3080. AB SKF shares last traded at $27.58, with a volume of 1,273 shares.

Analyst Ratings Changes

Several brokerages have commented on SKFRY. BNP Paribas Exane raised shares of AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Jefferies Financial Group cut shares of 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 research report on Tuesday, February 10th. Rothschild & Co Redburn lowered AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, 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. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, AB SKF presently has an average rating of “Reduce”.

AB SKF Stock Down 3.7%

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 firm has a market cap of $12.57 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. The stock’s fifty day moving average is $27.63 and its two-hundred day moving average is $26.34.

AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Friday, January 30th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). AB SKF had a return on equity of 14.27% and a net margin of 4.20%.The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.41 billion. As a group, research analysts anticipate that AB SKF will post 1.51 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.