Saab (OTCMKTS:SAABY) Shares Gap Down – Time to Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $30.89, but opened at $29.15. Saab shares last traded at $28.90, with a volume of 15,839 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Saab currently has a consensus rating of “Reduce”.

Saab Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average is $31.16 and its two-hundred day moving average is $32.11. The company has a market capitalization of $30.87 billion, a P/E ratio of 36.97 and a beta of -0.15.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 earnings per share for the quarter. The company had revenue of $2.10 billion for the quarter. Saab had a net margin of 7.87% and a return on equity of 15.43%.

About Saab

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.