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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped up before the market opened on Thursday . The stock had previously closed at $26.61, but opened at $28.63. Saab shares last traded at $28.88, with a volume of 7,106 shares.

Analyst Ratings Changes

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

Saab Trading Up 10.1%

The firm has a fifty day simple moving average of $28.11 and a 200-day simple moving average of $32.24. The firm has a market cap of $31.37 billion, a P/E ratio of 37.56 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 data on Thursday, April 23rd. The company reported $0.15 EPS for the quarter. Saab had a return on equity of 15.43% and a net margin of 7.87%.The firm had revenue of $2.10 billion during 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.