Saab (OTCMKTS:SAABY) Trading Down 4.6% – Here’s What Happened

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s share price fell 4.6% during trading on Thursday . The company traded as low as $29.00 and last traded at $29.00. Approximately 24,074 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 178,192 shares. The stock had previously closed at $30.40.

Wall Street Analysts Forecast Growth

SAABY has been the subject of a number of research reports. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Saab Stock Down 3.5%

The firm’s fifty day moving average is $27.98 and its two-hundred day moving average is $32.34. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 36.31 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84.

Saab (OTCMKTS:SAABY) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.15 EPS for the quarter. Saab had a net margin of 7.87% and a return on equity of 15.43%. The company had revenue of $2.10 billion for 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.