NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180627/20180627091916_78200.jpg" alt="" /> </p> <p> AB SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday, June 2nd.&nbsp; </p> <br /> 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. “<br /> <br /> A number of other equities research analysts also recently issued reports on the company. ValuEngine downgraded AB SKF from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Deutsche Bank upgraded AB SKF from a “hold” rating to a “buy” rating in a research note on Wednesday, April 11th. Finally, Berenberg Bank upgraded AB SKF from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.00.<br /> <br /> AB SKF stock traded down $0.18 during mid-day trading on Friday, hitting $18.27. 27,223 shares of the company were exchanged, compared to its average volume of 23,925. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.48 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 2.17. AB SKF has a 12-month low of $18.23 and a 12-month high of $25.34.&nbsp;<br /> <br /> AB SKF (OTCMKTS:SKFRY) last announced its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.47 EPS for the quarter. The business had revenue of $2.54 billion during the quarter. AB SKF had a return on equity of 19.75% and a net margin of 7.36%. analysts forecast that AB SKF will post 1.65 EPS for the current fiscal year.&nbsp;<br />