AB SKF (publ) (OTCMKTS:SKFRY) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of AB SKF (publ) (OTCMKTS:SKFRY) 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.

AB SKF (publ) Price Performance

The business’s 50 day moving average price is $19.71 and its 200 day moving average price is $19.12. The stock has a market capitalization of $9.87 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.01 and a quick ratio of 1.14.

AB SKF (publ) (OTCMKTS:SKFRY) last announced its quarterly earnings results 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 net margin of 6.57% and a return on equity of 14.13%. Sell-side 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.