AB SKF (OTCMKTS:SKFRY) Raised to Hold at Zacks Investment Research

AB SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, January 5th.

According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “

Other equities analysts have also issued reports about the stock. ValuEngine raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. lowered shares of AB SKF from a “neutral” rating to an “underweight” rating in a research report on Friday, December 8th.

AB SKF (OTCMKTS SKFRY) opened at $24.87 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. AB SKF has a 1-year low of $18.74 and a 1-year high of $24.80. The company has a market cap of $11,290.40, a price-to-earnings ratio of 22.01, a P/E/G ratio of 1.16 and a beta of 0.37.

AB SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter. AB SKF had a net margin of 5.81% and a return on equity of 16.06%. analysts forecast that AB SKF will post 1.32 EPS for the current fiscal year.