Saab (OTCMKTS:SAABY) Shares Gap Up – Here’s Why

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped up prior to trading on Friday . The stock had previously closed at $25.33, but opened at $26.39. Saab shares last traded at $26.2750, with a volume of 32,096 shares.

Analyst Upgrades and Downgrades

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

Saab Price Performance

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 firm’s 50-day moving average is $27.01 and its two-hundred day moving average is $26.69. The company has a market cap of $27.95 billion, a P/E ratio of 42.46 and a beta of -0.18.

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

About Saab

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.