AB SKF (publ) (OTCMKTS:SKFRY) Brief Interest Update

AB SKF (publ) (OTCMKTS:SKFRY) benefited from a significant drop in short interest in December. As of December 31, there was short interest totaling 8,500 shares, a decrease of 78.4% from the total of 39,400 shares as of December 15. Based on an average daily volume of 51,500 shares, the day-to-cover ratio is currently 0.2 days.

SKFRY traded down $0.28 at midday on Friday, hitting $25.76. 7,888 shares of the company were traded, against an average volume of 14,154. The company has a debt ratio of 0.43, a quick ratio of 1.52 and a current ratio of 2.42. AB SKF has a 1-year low of $22.08 and a 1-year high of $30.50. The stock has a market capitalization of $11.73 billion, a P/E ratio of 13.85, a PEG ratio of 0.91 and a beta of 1.33. The stock’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $24.64.

AB SKF (publ) (OTCMKTS:SKFRY) last reported results on Monday 25th October. The industrial products company reported earnings per share (EPS) of $0.47 for the quarter, beating the Zacks consensus estimate of $0.42 by $0.05. AB SKF (publ) achieved a return on equity of 20.31% and a net margin of 8.91%. The company posted revenue of $2.33 billion for the quarter. On average, research analysts expect AB SKF to post earnings per share of 1.79 for the current year.

A number of research analysts have recently commented on SKFRY’s stock. Zacks Investment Research upgraded shares of AB SKF (publ) from a “strong buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised its price target on AB SKF (publ) shares from SEK 230 to SEK 245 in a research report released on Thursday. Morgan Stanley reaffirmed an “overweight” rating on AB SKF (publ) shares in a Wednesday, October 27 report. DNB Markets downgraded shares of AB SKF (publ) from a “buy” rating to a “hold” rating in a Wednesday, October 27 report. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on AB SKF (publ) shares in a Wednesday, October 27 report. Four equity research analysts gave the stock a sell rating, six gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $100.05.

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AB SKF company profile (publ)

SKF AB engages in the manufacture of machinery and rotating equipment. It operates through Industrial and Automotive segments. The Industrial segment includes Americas Industrial Sales, Europe and Middle East & Africa Industrial Sales, Asia Industrial Sales, Industrial Units, Bearing Operations and Aerospace.

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