Saab (OTCMKTS:SAABY) Shares Gap Down – What’s Next?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down before the market opened on Tuesday. The stock had previously closed at $30.96, but opened at $29.49. Saab shares last traded at $30.78, with a volume of 1,813 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAABY. Royal Bank Of Canada upgraded Saab to a “hold” rating in a report on Tuesday, August 11th. Kepler Capital Markets upgraded shares of 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, Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Saab presently has a consensus rating of “Moderate Buy”.

Saab Trading Down 0.9%

The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. The company has a market cap of $32.85 billion, a PE ratio of 43.84 and a beta of -0.12. The business’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $30.84.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. Saab had a net margin of 8.05% and a return on equity of 15.87%. The company had revenue of $2.72 billion during the quarter.

Saab Company Profile

Saab AB is a Swedish defense and security company that develops, manufactures and maintains advanced systems for governments, armed forces and other public-sector customers. The company’s activities span aeronautics, weapons systems, command and control, sensors, surveillance, naval systems and cybersecurity.

Its product portfolio includes the Gripen fighter aircraft, GlobalEye airborne early warning and control system, radar and electronic warfare solutions, the Carl-Gustaf recoilless rifle, AT4 anti-armor weapon and RBS 70 air-defense system.