AB SKF (OTCMKTS:SKFRY) Reaches New 52-Week High – Should You Buy?

AB SKF (OTCMKTS:SKFRY) shares hit a new 52-week high during trading on Monday . The company traded as high as $27.81 and last traded at $27.81, with a volume of 814 shares trading hands. The stock had previously closed at $26.74.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SKFRY. Zacks Research lowered shares of AB SKF from a “strong-buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised shares of AB SKF from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Finally, BNP Paribas upgraded shares of AB SKF to a “hold” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, AB SKF has a consensus rating of “Hold”.

AB SKF Trading Down 1.0%

The company has a fifty day simple moving average of $26.31 and a 200-day simple moving average of $25.34. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.77 and a beta of 1.13. The company has a current ratio of 2.16, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.29 billion. AB SKF had a net margin of 5.07% and a return on equity of 14.26%. On average, research analysts forecast that AB SKF will post 1.51 earnings per share for the current fiscal year.

AB SKF Company Profile

AB SKF (OTCMKTS:SKFRY) is a leading global supplier of bearing and seal solutions, offering a comprehensive portfolio that includes rolling bearings, plain bearings, mechatronics, lubrication systems and services. The company’s products are designed to improve the reliability, efficiency and performance of rotating equipment in a wide range of applications, from heavy industry and energy to aerospace and automotive.

Founded in 1907 and headquartered in Gothenburg, Sweden, SKF introduced the world’s first self-aligning ball bearing and has since grown into a truly global organization.