Schaeffler (OTCMKTS:SCFLF) Lowered to “Hold” Rating by Citigroup

Citigroup downgraded shares of Schaeffler (OTCMKTS:SCFLF) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Schaeffler Stock Performance

Shares of OTCMKTS:SCFLF opened at $4.80 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average of $4.80 and a 200-day moving average of $4.79. Schaeffler has a one year low of $4.33 and a one year high of $7.39.

Schaeffler Company Profile

Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.