Saab (OTCMKTS:SAABY) Sees Strong Trading Volume – Still a Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw unusually-strong trading volume on Monday . Approximately 643,167 shares traded hands during trading, an increase of 158% from the previous session’s volume of 248,902 shares.The stock last traded at $37.50 and had previously closed at $36.41.

Saab Price Performance

The firm has a market capitalization of $38.69 billion, a PE ratio of 48.84 and a beta of -0.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.33. The stock has a fifty day moving average price of $33.23 and a 200-day moving average price of $29.38.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter. Saab had a return on equity of 16.16% and a net margin of 7.99%.The company had revenue of $2.94 billion for 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.