November 29, 2016 - By Nellie Frank
The stock price of SKF AB ADR (OTCMKTS:SKFRY) recorded $-0.31 in recent trading, touching $17.63 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, SKF AB ADR’s stock was -21.00%. According to the short interest report published recently, (SKFRY) had 22,100 shorted shares for 3.7 days to cover. The prior short interest was 23,400 for a $-5.56 change. The 52-Week High and Low are noted here. -6.57% (High), 23.72%, (Low). The stock had 5,900 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More notable recent AB SKF (ADR) (OTCMKTS:SKFRY) news were published by: Benzinga.com which released: “China ‘Triple Bubble’ Is Biggest Risk To The World” on July 16, 2015, also Etfdailynews.com with their article: “M&A Mania May Spread To The Beverage Sector [SABMiller plc (ADR), The Coca …” published on June 24, 2015, Nasdaq.com published: “AB SKF to Acquire Kaydon for $1.25B – Analyst Blog” on September 09, 2013. More interesting news about AB SKF (ADR) (OTCMKTS:SKFRY) were released by: Benzinga.com and their article: “6 Buys And 5 Value Traps Hiding In The European Stock Market” published on November 30, 2015 as well as Quotes.Wsj.com‘s news article titled: “Timken Co. TKR (US: NYSE)” with publication date: February 11, 2011.
AB SKF is a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The company has a market cap of $7.89 billion. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training. It has a 21.28 P/E ratio. The Firm operates through three business areas: Industrial Market, Automotive Market and Specialty Business.
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By Nellie Frank