Saab (OTCMKTS:SAABY) Shares Gap Down – What’s Next?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $27.05, but opened at $25.65. Saab shares last traded at $25.79, with a volume of 15,841 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Saab to a “strong sell” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Saab currently has an average rating of “Hold”.

Saab Stock Performance

The firm has a fifty day moving average of $26.53 and a 200 day moving average of $26.85. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 42.34 and a beta of -0.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.83.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $1.67 billion during the quarter. Saab had a return on equity of 13.23% and a net margin of 7.17%.

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.