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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down prior to trading on Tuesday . The stock had previously closed at $27.05, but opened at $25.65. Saab shares last traded at $25.79, with a volume of 15,841 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Saab to a “strong sell” rating in a 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Saab Stock 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 company has a market capitalization of $27.88 billion, a P/E ratio of 42.34 and a beta of -0.18. The business has a 50-day moving average of $26.53 and a 200-day moving average of $26.85.

Saab (OTCMKTS:SAABY) last released 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 during the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%.

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.