Saab (OTCMKTS:SAABY) Shares Gap Down – Here’s Why

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down before the market opened on Monday . The stock had previously closed at $25.79, but opened at $24.50. Saab shares last traded at $24.71, with a volume of 27,877 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group upgraded Saab from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th.

Saab Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.32. The business has a 50 day simple moving average of $23.82. The company has a market capitalization of $26.76 billion, a P/E ratio of 61.73 and a beta of -0.03.

Saab (OTCMKTS:SAABY) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.11 earnings per share for the quarter. Saab had a net margin of 7.14% and a return on equity of 12.81%. The firm had revenue of $1.48 billion for the quarter.

Saab Announces Dividend

The company also recently announced a dividend, which was paid on Friday, May 2nd. Shareholders of record on Monday, April 14th were issued a $0.0493 dividend. The ex-dividend date of this dividend was Monday, April 14th. Saab’s payout ratio is 17.50%.

About Saab

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.