Saab (OTCMKTS:SAABY) Shares Gap Up – Here’s What Happened

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped up prior to trading on Friday. The stock had previously closed at $30.3950, but opened at $32.22. Saab shares last traded at $32.6825, with a volume of 6,898 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Kepler Capital Markets upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Royal Bank Of Canada raised Saab to a “hold” rating in a report on Tuesday, August 11th. Barclays raised Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Saab Price Performance

The company has a market capitalization of $35.07 billion, a PE ratio of 46.80 and a beta of -0.15. The firm’s 50-day moving average is $31.95 and its 200-day moving average is $30.42. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26.

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

About Saab

Saab AB is a Swedish defense and security company that develops, manufactures and maintains advanced systems for governments, armed forces and other public-sector customers. The company’s activities span aeronautics, weapons systems, command and control, sensors, surveillance, naval systems and cybersecurity.

Its product portfolio includes the Gripen fighter aircraft, GlobalEye airborne early warning and control system, radar and electronic warfare solutions, the Carl-Gustaf recoilless rifle, AT4 anti-armor weapon and RBS 70 air-defense system.