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

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down prior to trading on Friday . The stock had previously closed at $28.65, but opened at $27.52. Saab shares last traded at $27.7168, with a volume of 11,502 shares traded.

Analyst Upgrades and Downgrades

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

Saab Stock Performance

The stock has a market capitalization of $29.52 billion, a P/E ratio of 35.35 and a beta of -0.15. The company has a 50 day simple moving average of $30.21 and a 200-day simple moving average of $32.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84.

Saab (OTCMKTS:SAABY) last issued its earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share (EPS) for the quarter. The firm 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%.

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.