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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down prior to trading on Friday . The stock had previously closed at $29.35, but opened at $28.22. Saab shares last traded at $28.1925, with a volume of 3,680 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Saab Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $30.30 billion, a price-to-earnings ratio of 36.29 and a beta of -0.09. The stock’s 50-day simple moving average is $28.01 and its 200 day simple moving average is $32.37.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 earnings per share 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 during 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.