AB SKF (OTCMKTS:SKFRY) Shares Gap Down – Here’s What Happened

AB SKF (OTCMKTS:SKFRY)’s stock price gapped down before the market opened 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 research analysts have recently issued reports on SKFRY shares. Jefferies Financial Group cut AB SKF from a “hold” rating to a “moderate sell” rating in a research note on Sunday, January 25th. BNP Paribas Exane upgraded shares of AB SKF to a “hold” rating in a research report on Tuesday, December 9th. Rothschild & Co Redburn lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

AB SKF Price Performance

The company has a market cap of $12.10 billion, a P/E ratio of 30.91, a P/E/G ratio of 1.82 and a beta of 1.13. The company’s 50-day moving average price is $27.65 and its two-hundred day moving average price is $26.37. The company has a current ratio of 2.11, a quick ratio of 1.19 and a debt-to-equity ratio of 0.25.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Friday, January 30th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.41 billion. AB SKF had a return on equity of 14.27% and a net margin of 4.20%. As a group, sell-side analysts expect that AB SKF will post 1.51 earnings per share for the current 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.