AB SKF (publ) (OTCMKTS:SKFRY) Shares Cross Above 50 Day Moving Average – Here’s What Happened

AB SKF (publ) (OTCMKTS:SKFRY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.71 and traded as high as $21.87. AB SKF (publ) shares last traded at $21.68, with a volume of 12,636 shares trading hands.

AB SKF (publ) Stock Performance

The stock’s 50 day moving average price is $19.74 and its 200 day moving average price is $19.15. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.15 and a beta of 1.20.

AB SKF (publ) (OTCMKTS:SKFRY) last posted its earnings results on Friday, January 31st. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. AB SKF (publ) had a net margin of 6.57% and a return on equity of 14.13%. On average, analysts expect that AB SKF will post 1.51 EPS for the current fiscal 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.