Zacks Investment Research cut shares of Schaeffler (OTCMKTS:SCFLF) from a hold rating to a sell rating in a research report report published on Wednesday, March 28th.

According to Zacks, “Schaeffler AG engages as a supplier to the automotive and industrial sectors. It provides rolling bearing and plain bearing solutions and linear and direct drive technology. The company’s operating segment consists of Automotive and Industrial segments. Automotive segment provides product and service business with customers in the automotive sector. Industrial segment offers product and service business with manufacturers of investment goods. Schaeffler AG is headquartered in Herzogenaurach, Germany. “

SCFLF traded down $0.85 on Wednesday, reaching $15.35. The company had a trading volume of 200 shares, compared to its average volume of 15,400. Schaeffler has a 52-week low of $15.35 and a 52-week high of $20.25.