AB SKF (publ) (OTCMKTS:SKFRY) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of AB SKF (publ) (OTCMKTS:SKFRY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.96 and traded as low as $17.25. AB SKF (publ) shares last traded at $17.93, with a volume of 70,478 shares trading hands.

AB SKF (publ) Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.01 and a quick ratio of 1.13. The firm has a market capitalization of $8.16 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.24 and a beta of 1.17. The stock’s fifty day simple moving average is $20.96 and its 200 day simple moving average is $19.91.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. AB SKF (publ) had a return on equity of 13.95% and a net margin of 6.57%. On average, equities research analysts predict that AB SKF will post 1.51 EPS for the current year.

AB SKF (publ) Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.