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

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down prior to trading on Monday . The stock had previously closed at $25.17, but opened at $24.06. Saab shares last traded at $24.0390, with a volume of 13,998 shares traded.

Analyst Ratings Changes

Separately, Barclays upgraded Saab to a “strong sell” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Saab Trading Down 6.4%

The firm’s 50 day simple moving average is $27.75 and its two-hundred day simple moving average is $26.62. The stock has a market capitalization of $25.21 billion, a P/E ratio of 38.29 and a beta of -0.12. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.27.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, October 24th. The company reported $0.09 EPS for the quarter. Saab had a return on equity of 13.23% and a net margin of 7.17%.The company had revenue of $1.67 billion during the quarter.

Saab Company Profile

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.