Saab (OTCMKTS:SAABY) Sees Strong Trading Volume – Here’s Why

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares saw an uptick in trading volume on Monday . 643,167 shares were traded during trading, an increase of 158% from the previous session’s volume of 248,902 shares.The stock last traded at $37.50 and had previously closed at $36.41.

Saab Trading Up 2.5%

The firm has a market cap of $39.96 billion, a price-to-earnings ratio of 50.45 and a beta of -0.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.83. The business has a 50-day moving average of $32.52 and a 200-day moving average of $29.21.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter. Saab had a return on equity of 16.16% and a net margin of 7.99%.The firm had revenue of $2.94 billion during the quarter.

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.