AB SKF (publ) (OTCMKTS:SKFRY) Stock Crosses Above 50-Day Moving Average – What’s Next?

AB SKF (publ) (OTCMKTS:SKFRY)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

AB SKF (publ) Stock Performance

The stock has a market capitalization of $9.87 billion, a P/E ratio of 11.73, a PEG ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.14 and a current ratio of 2.01. The company’s fifty day simple moving average is $19.71 and its two-hundred day simple moving average is $19.12.

AB SKF (publ) (OTCMKTS:SKFRY) last released its quarterly earnings results on Friday, January 31st. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.11. AB SKF (publ) had a net margin of 6.57% and a return on equity of 14.13%. As a group, equities analysts forecast that AB SKF will post 1.51 EPS for the current year.

About AB SKF (publ)

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.