Saab (OTCMKTS:SAABY) Shares Gap Up – Should You Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $30.50, but opened at $32.65. Saab shares last traded at $33.00, with a volume of 2,333 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Pareto Securities cut Saab from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Kepler Capital Markets upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada raised shares of Saab to a “hold” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Saab has an average rating of “Hold”.

Saab Price Performance

The stock has a market cap of $35.17 billion, a price-to-earnings ratio of 44.39 and a beta of -0.17. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $31.34 and its 200-day moving average is $31.99.

Saab (OTCMKTS:SAABY) last released its quarterly earnings data on Friday, October 23rd. The company reported $0.13 earnings per share for the quarter. Saab had a return on equity of 16.27% and a net margin of 8.11%. The company had revenue of $2.13 billion for the quarter.

About Saab

Saab AB is a Swedish defense and security company that develops and manufactures products and services for military, government, and commercial customers. Its offerings include combat aircraft, weapons, radar and surveillance systems, command-and-control technology, and training and simulation services.

The company also develops naval systems, including submarines and surface-vessel solutions, through its Kockums business. Saab serves customers in Sweden and other markets around the world, working with governments and defense organizations as well as selected commercial clients.

Founded in 1937 as Svenska Aeroplan Aktiebolaget, Saab began as an aircraft manufacturer and has since expanded into a broader defense and security business.