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

AB SKF (OTCMKTS:SKFRY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $27.03, but opened at $25.84. AB SKF shares last traded at $25.83, with a volume of 794 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of AB SKF from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 19th. Rothschild & Co Redburn lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Zacks Research lowered shares of AB SKF from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Jefferies Financial Group lowered shares of AB SKF from a “hold” rating to a “moderate sell” rating in a report on Sunday, January 25th. Finally, Royal Bank Of Canada lowered shares of AB SKF from a “moderate buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, AB SKF currently has a consensus rating of “Reduce”.

AB SKF Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.19 and a current ratio of 2.11. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. The business’s fifty day simple moving average is $25.85 and its 200 day simple moving average is $26.24.

AB SKF (OTCMKTS:SKFRY) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.44 billion. AB SKF had a net margin of 4.20% and a return on equity of 14.27%. Research analysts predict that AB SKF will post 1.84 EPS for the current fiscal year.

About AB SKF

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.