Schaeffler (SCFLF) Downgraded by Zacks Investment Research to Sell

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Zacks Investment Research cut shares of Schaeffler (OTCMKTS:SCFLF) from a hold rating to a sell rating in a research note published on Friday.

According to Zacks, “Schaeffler AG engages as a supplier to the automotive and industrial sectors. It provides rolling bearing and plain bearing solutions and linear and direct drive technology. The company’s operating segment consists of Automotive and Industrial segments. Automotive segment provides product and service business with customers in the automotive sector. Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler AG is headquartered in Herzogenaurach, Germany. “

Separately, JPMorgan Chase & Co. cut Schaeffler from a neutral rating to an underweight rating in a research report on Wednesday, October 31st.

Schaeffler stock traded up $0.09 during midday trading on Friday, reaching $8.47. 100 shares of the company were exchanged, compared to its average volume of 142. Schaeffler has a 1 year low of $8.38 and a 1 year high of $13.62.

About Schaeffler

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries worldwide. The company's Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, and synchronizing and gearshift components.

See Also: Reverse Stock Split

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