Saab (OTCMKTS:SAABY) Shares Gap Up on Analyst Upgrade

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped up before the market opened on Tuesday after Citigroup upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $26.30, but opened at $27.44. Saab shares last traded at $27.29, with a volume of 5,712 shares traded.

Key Stories Impacting Saab

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Citigroup raised Saab AB – Unsponsored ADR from “strong sell” to “hold,” which may improve sentiment and reduce bearish pressure on the shares. Zacks.com
• Neutral Sentiment: Several headlines about “Alex Saab” involve a Venezuelan money-laundering case and U.S. court proceedings, but these stories appear unrelated to Saab AB’s defense business. Close Maduro Associate Alex Saab Faces Money Laundering Charge After Deportation to U.S.

Saab Stock Up 4.3%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.90 and a current ratio of 1.30. The company has a fifty day simple moving average of $32.55 and a two-hundred day simple moving average of $32.01. The firm has a market capitalization of $29.36 billion, a PE ratio of 35.17 and a beta of -0.14.

Saab (OTCMKTS:SAABY) last issued its 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 company had revenue of $2.10 billion for the quarter.

Saab Company Profile

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.