NEWS

<p style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180823/20180823094302_98895.jpg" alt="" /> </p> <p> AB SKF (OTCMKTS:SKFRY) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, August 3rd. </p> <p> <br /> </p> <p> Several other research analysts also recently commented on the company. Zacks Investment Research raised AB SKF from a “sell” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 1st. Deutsche Bank raised AB SKF from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.00. </p> <p> <br /> </p> Shares of SKFRY stock traded up $0.49 during trading on Friday, reaching $19.55. The company had a trading volume of 6,743 shares, compared to its average volume of 14,995. 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 one year low of $17.83 and a one year high of $25.34. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.52 and a beta of 0.56.<br /> <p> AB SKF (OTCMKTS:SKFRY) last issued its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.49 earnings per share for the quarter. AB SKF had a return on equity of 21.55% and a net margin of 8.07%. The business had revenue of $2.61 billion for the quarter. analysts forecast that AB SKF will post 1.66 EPS for the current fiscal year. </p> <p> <br /> </p> 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 />