Saab (OTCMKTS:SAABY) Sees Large Volume Increase Following Analyst Upgrade

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw strong trading volume on Monday after Royal Bank Of Canada upgraded the stock to a hold rating. 323,899 shares were traded during trading, an increase of 94% from the previous session’s volume of 167,339 shares.The stock last traded at $34.3064 and had previously closed at $33.49.

A number of other research analysts have also commented on SAABY. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday. Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Saab Stock Up 0.9%

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 business has a fifty day simple moving average of $28.90 and a two-hundred day simple moving average of $31.91. The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of 49.46 and a beta of -0.14.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $2.72 billion during the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.

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.