SKF traded at 227.50 this Friday May 15th, decreasing 6.70 or 2.86 percent since the previous trading session. Looking back, over the last four weeks, SKF lost 5.09 percent. Over the last 12 months, its price rose by 10.22 percent. Looking ahead, we forecast SKF to be priced at 232.00 by the end of this quarter and at 215.16 in one year, according to Trading Economics global macro models projections and analysts expectations.
AB Skf is a Sweden-based supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company's services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. The Company's segments include Industrial and Automotive. The Company develops and manufactures a range of products for the industrial market, including bearings, seals, lubrication systems and condition monitoring. It also provides a range of services and solutions around the rotating shaft in the areas of machine health, reliability engineering and remanufacturing. The Company provides a range of products, solutions and services to manufacturers of cars, light and heavy trucks, trailers, buses and two-wheelers. The vehicle aftermarket is served directly, as well as indirectly through a network of distributors and dealers.