SKF (OTCMKTS:SKFRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, April 18th. 

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 brokerages have also commented on SKFRY. ValuEngine raised SKF from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Deutsche Bank upgraded SKF from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Finally, Berenberg Bank upgraded SKF from a “sell” rating to a “hold” rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.00.



Shares of OTCMKTS:SKFRY traded down $0.36 during trading on Wednesday, reaching $21.40. 5,900 shares of the company traded hands, compared to its average volume of 27,962. The firm has a market cap of $9.83 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65. SKF has a 52-week low of $19.28 and a 52-week high of $25.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 2.09.