Schaeffler (OTCMKTS:SCFLF) Cut to “Hold” at Citigroup

Schaeffler (OTCMKTS:SCFLF) was downgraded by analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Schaeffler Stock Performance

Shares of SCFLF stock opened at $4.80 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.61 and a quick ratio of 0.93. The company’s fifty day simple moving average is $4.80 and its 200-day simple moving average is $4.79. Schaeffler has a 52 week low of $4.33 and a 52 week high of $7.39.

About Schaeffler

Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.