Saab (OTCMKTS:SAABY) Shares Gap Down – Time to Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $28.45, but opened at $26.44. Saab shares last traded at $26.4150, with a volume of 5,175 shares trading hands.

Saab Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The firm has a market cap of $28.40 billion, a price-to-earnings ratio of 34.01 and a beta of -0.14. The stock’s 50-day moving average price is $33.27 and its 200 day moving average price is $32.03.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share (EPS) for the quarter. Saab had a net margin of 7.87% and a return on equity of 15.98%. The firm had revenue of $2.10 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.