Saab (OTCMKTS:SAABY) Stock Breaks Above 200-Day Moving Average – Should You Sell?

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $31.99 and traded as high as $32.68. Saab shares last traded at $32.63, with a volume of 74,775 shares trading hands.

Analyst Ratings Changes

Several brokerages recently commented on SAABY. Pareto Securities downgraded Saab from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Kepler Capital Markets raised Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada raised shares of Saab to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Saab Stock Down 2.8%

The firm has a 50 day moving average price of $31.35 and a two-hundred day moving average price of $31.92. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $34.46 billion, a price-to-earnings ratio of 44.74 and a beta of -0.17.

Saab (OTCMKTS:SAABY) last released its quarterly earnings results on Friday, October 23rd. The company reported $0.13 EPS for the quarter. Saab had a return on equity of 16.27% and a net margin of 8.11%. The business had revenue of $2.13 billion for the quarter.

About Saab

Saab AB is a Swedish defense and security company that develops and manufactures products and services for military, government, and commercial customers. Its offerings include combat aircraft, weapons, radar and surveillance systems, command-and-control technology, and training and simulation services. The company also develops naval systems, including submarines and surface-vessel solutions, through its Kockums business. Saab serves customers in Sweden and other markets around the world, working with governments and defense organizations as well as selected commercial clients.