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

AB SKF (publ) (OTCMKTS:SKFRY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.88 and traded as low as $18.68. AB SKF (publ) shares last traded at $18.73, with a volume of 20,648 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of AB SKF (publ) to a “hold” rating in a research note on Friday, October 11th.

AB SKF (publ) Stock Down 0.9 %

The stock has a fifty day moving average price of $18.88 and a 200 day moving average price of $19.75. The stock has a market capitalization of $8.53 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 1.36.

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.