AB SKF (publ) (OTCMKTS:SKUFF) Trading Up 21.9% – Here’s Why

AB SKF (publ) (OTCMKTS:SKUFF) traded up 21.9% on Tuesday . The stock traded as high as $22.60 and last traded at $22.60. 1,100 shares changed hands during trading, a decline of 53% from the average session volume of 2,355 shares. The stock had previously closed at $18.54.

AB SKF (publ) Stock Performance

The business has a 50-day simple moving average of $18.93 and a 200-day simple moving average of $18.95.

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.