Saab (OTCMKTS:SAABY) Stock Price Down 4.6% – Should You Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) fell 4.6% during mid-day trading on Thursday . The stock traded as low as $29.00 and last traded at $29.00. 24,074 shares were traded during trading, a decline of 86% from the average daily volume of 178,192 shares. The stock had previously closed at $30.40.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Saab Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84. The company’s 50 day moving average is $28.04 and its 200 day moving average is $32.36. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 37.35 and a beta of -0.09.

Saab (OTCMKTS:SAABY) last issued its earnings results 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 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.