Saab (OTCMKTS:SAABY) Shares Gap Down – Here’s What Happened

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down prior to trading on Friday . The stock had previously closed at $29.35, but opened at $28.22. Saab shares last traded at $28.1925, with a volume of 3,680 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAABY. Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Saab Price Performance

The stock has a 50-day simple moving average of $28.01 and a 200 day simple moving average of $32.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28. The company has a market cap of $30.30 billion, a P/E ratio of 36.29 and a beta of -0.09.

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

Saab Company Profile

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.