AB SKF (OTCMKTS:SKFRY – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 15,079 shares, a decline of 68.2% from the October 15th total of 47,386 shares. Based on an average trading volume of 50,348 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.
AB SKF Price Performance
OTCMKTS SKFRY traded down $0.04 during trading on Friday, hitting $27.89. 4,304 shares of the company’s stock were exchanged, compared to its average volume of 19,191. The company has a market cap of $12.70 billion, a PE ratio of 24.91, a P/E/G ratio of 3.31 and a beta of 1.23. The company has a current ratio of 2.19, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. AB SKF has a fifty-two week low of $22.26 and a fifty-two week high of $29.42. The stock’s 50 day moving average price is $27.62 and its two-hundred day moving average price is $26.64.
AB SKF (OTCMKTS:SKFRY – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The industrial products company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $2.35 billion. AB SKF had a net margin of 5.66% and a return on equity of 12.96%. Research analysts expect that AB SKF will post 1.64 EPS for the current year.
AB SKF Company Profile
AB SKF is a Swedish engineering company that develops and manufactures products and services for rotating equipment. Its offerings include bearings, seals, lubrication systems, and condition-monitoring technologies, along with related maintenance and engineering services. SKF serves customers in industrial and automotive markets worldwide. Its products are used in applications across sectors such as manufacturing, transportation, energy, and aerospace, where equipment reliability and performance are important.
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