AB SKF (publ) (OTCMKTS:SKFRY) Stock Crosses Below 50 Day Moving Average of $20.54

AB SKF (publ) (OTCMKTS:SKFRY)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.54 and traded as low as $18.41. AB SKF (publ) shares last traded at $18.56, with a volume of 9,614 shares.

AB SKF (publ) Price Performance

The company has a fifty day moving average price of $20.54 and a two-hundred day moving average price of $20.71. The company has a market capitalization of $8.45 billion, a P/E ratio of 10.85, a PEG ratio of 1.19 and a beta of 1.22.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. AB SKF (publ) had a return on equity of 14.38% and a net margin of 5.68%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.44 billion. As a group, sell-side analysts forecast that AB SKF will post 1.5 earnings per share for the current year.

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.