Saab (OTCMKTS:SAABY) Shares Gap Up – Should You Buy?

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped up prior to trading on Friday. The stock had previously closed at $30.3950, but opened at $32.22. Saab shares last traded at $32.6825, with a volume of 6,898 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SAABY. Barclays upgraded shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Royal Bank Of Canada upgraded shares of Saab to a “hold” rating in a research note on Tuesday, August 11th. Finally, Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Saab Stock Up 3.2%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 0.82. The firm has a market cap of $35.07 billion, a P/E ratio of 46.80 and a beta of -0.15. The firm’s 50-day moving average price is $31.95 and its 200 day moving average price is $30.42.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $2.72 billion for the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.

About Saab

Saab AB is a Swedish defense and security company that develops, manufactures and maintains advanced systems for governments, armed forces and other public-sector customers. The company’s activities span aeronautics, weapons systems, command and control, sensors, surveillance, naval systems and cybersecurity.

Its product portfolio includes the Gripen fighter aircraft, GlobalEye airborne early warning and control system, radar and electronic warfare solutions, the Carl-Gustaf recoilless rifle, AT4 anti-armor weapon and RBS 70 air-defense system.