SKF (OTCMKTS:SKFRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday. 

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. “

A number of other equities analysts also recently commented on SKFRY. ValuEngine downgraded shares of SKF from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Deutsche Bank raised shares of SKF from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, Berenberg Bank raised shares of SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. SKF presently has a consensus rating of “Hold” and an average target price of $24.00.

OTCMKTS SKFRY traded up $0.36 during midday trading on Wednesday, hitting $20.44. The company had a trading volume of 22,437 shares, compared to its average volume of 29,763. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.09 and a quick ratio of 1.25. The firm has a market capitalization of $9,202.62, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.58 and a beta of 0.65. SKF has a fifty-two week low of $19.28 and a fifty-two week high of $25.34. 

SKF (OTCMKTS:SKFRY) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $2.34 billion for the quarter. SKF had a net margin of 7.36% and a return on equity of 20.81%. sell-side analysts expect that SKF will post 1.67 earnings per share for the current fiscal year.