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

Shares of AB SKF (OTCMKTS:SKFRY) gapped down before the market opened on Tuesday . The stock had previously closed at $27.4580, but opened at $25.38. AB SKF shares last traded at $25.30, with a volume of 1,663 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded AB SKF from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AB SKF has a consensus rating of “Hold”.

AB SKF Trading Down 7.0%

The firm has a 50-day simple moving average of $25.55 and a 200-day simple moving average of $23.78. The company has a quick ratio of 1.13, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.63 billion, a PE ratio of 24.56, a P/E/G ratio of 2.02 and a beta of 1.20.

AB SKF (OTCMKTS:SKFRY) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. AB SKF had a return on equity of 14.37% and a net margin of 5.07%.The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.29 billion. Equities analysts forecast that AB SKF will post 1.51 earnings per share for the current year.

AB SKF 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.