Zacks Research upgraded shares of Schaeffler (OTCMKTS:SFFLY – Free Report) to a hold rating in a report released on Thursday,Zacks.com reports.
Schaeffler Stock Down 7.2%
Shares of SFFLY opened at $9.00 on Thursday. The stock’s 50-day moving average price is $10.70 and its two-hundred day moving average price is $10.50. Schaeffler has a 12 month low of $4.71 and a 12 month high of $14.44.
About Schaeffler
Schaeffler AG, trading in the United States under the symbol SFFLY, is a global provider of precision components and systems for the automotive, aerospace and industrial sectors. The company’s core offerings include rolling element bearings, plain bearings, linear products, engine and transmission components, as well as solutions for e-mobility and electric drive systems. Schaeffler serves customers across the original equipment and aftermarket segments, supporting manufacturers with both standard products and bespoke engineering services.
In the automotive sector, Schaeffler’s product portfolio covers engine timing systems, valve train components, clutches, transmissions and high-performance bearings designed to enhance fuel efficiency, reduce emissions and increase durability.
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