NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180815/20180815092727_65038.jpg" alt="" /> </p> <p> AB SKF (OTCMKTS:SKFRY) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday, August 3rd. </p> SKFRY has been the subject of a number of other research reports. Zacks Investment Research raised shares of AB SKF from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, June 27th. Deutsche Bank raised shares of AB SKF from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.<br /> SKFRY stock opened at $19.36 on Friday. The stock has a market capitalization of $8.89 billion, a PE ratio of 13.73, a P/E/G ratio of 1.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.17 and a quick ratio of 1.31. AB SKF has a 12 month low of $17.83 and a 12 month high of $25.34.<br /> AB SKF (OTCMKTS:SKFRY) last posted its earnings results on Thursday, July 19th. The industrial products company reported $0.49 EPS for the quarter. AB SKF had a net margin of 8.07% and a return on equity of 21.55%. The firm had revenue of $2.61 billion during the quarter. analysts anticipate that AB SKF will post 1.66 EPS for the current year.<br /> AB SKF Company Profile<br /> AB SKF (publ) offers bearings, seals, mechatronics, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company's products include bearings, units, and housings; seals; lubrication solutions; linear motion systems; actuation systems, screws, and linear guides and tables; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and steering and suspension products, as well as tools and lubricants.<br />