Saab (OTCMKTS:SAABY) Shares Gap Up – Still a Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $26.61, but opened at $28.63. Saab shares last traded at $28.88, with a volume of 7,106 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SAABY. Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Saab Price Performance

The company has a market capitalization of $31.37 billion, a P/E ratio of 37.56 and a beta of -0.09. The business’s 50-day moving average is $28.11 and its two-hundred day moving average is $32.24. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 earnings per share (EPS) for the quarter. Saab had a net margin of 7.87% and a return on equity of 15.43%. The business had revenue of $2.10 billion during the quarter.

About Saab

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.