|Bid||5.94 x 20800|
|Ask||5.94 x 124400|
|Day's Range||5.73 - 5.94|
|52 Week Range||5.73 - 12.27|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||6.09|
|Earnings Date||Nov 5, 2019|
|Forward Dividend & Yield||0.55 (9.45%)|
|1y Target Est||15.40|
Schaeffler also owns a hefty stake in tire and car parts giant Continental AG, but those shares have nosedived too. Hence, though Maria-Elisabeth Schaeffler-Thumann and her son Georg remain two of Germany’s richest people, their combined $16 billion wealth as estimated by the Bloomberg Billionaires Index isn’t as eye-catching as it once was. Theirs probably won’t be the last German industrial fortune to suffer a bruising this decade. Like many of Germany’s export champions, Schaeffler is trying to make the leap from a world dominated by highly precise mechanical components (its most famous product is the humble ball-bearing) to one controlled by automated and electric systems.
BERLIN/FRANKFURT (Reuters) - Germany's Schaeffler (SHA_p.DE) will shut two UK factories, prompted in part by Britain's planned exit from the European Union in March, the auto parts maker said on Tuesday. Schaeffler, which makes ball bearings, said its factories in Plymouth, southwest England, and Llanelli in Wales would close over the next couple of years, with production shifting to Germany, China, South Korea and the United States. Currently, 85 percent of the goods Schaeffler produces in Britain are exported, mainly to continental Europe, the company said.
German automotive supplier Schaeffler will shut two factories in Britain as part of changes prompted partly by Britain's planned exit from the European Union, it said on Tuesday. The ball bearings maker said its factories in Plymouth and Llanelli, Wales, would be shut down in the medium term, with production shifting to Germany, China, South Korea and the United States. A logistics centre in Sutton Coldfield will also close and operations consolidated mostly at its centre in Hereford, Schaeffler said.
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