AB SKF (publ) (OTCMKTS:SKUFF) Trading Up 21.9% – Still a Buy?

AB SKF (publ) (OTCMKTS:SKUFF) shares were up 21.9% during mid-day trading on Tuesday . The company traded as high as $22.60 and last traded at $22.60. Approximately 1,100 shares changed hands during trading, a decline of 53% from the average daily volume of 2,355 shares. The stock had previously closed at $18.54.

AB SKF (publ) Trading Up 21.9 %

The business’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $18.95.

AB SKF (publ) Company Profile

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products.