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

Shares of 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 changing hands.

AB SKF (publ) Stock Performance

The company has a 50-day moving average of $19.74 and a 200-day moving average of $19.15. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. The company has a current ratio of 2.01, a quick ratio of 1.14 and a debt-to-equity ratio of 0.26.

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