Saab (OTCMKTS:SAABY) Stock Price Down 4.6% – Here’s What Happened

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price fell 4.6% during mid-day trading on Thursday . The stock traded as low as $29.00 and last traded at $29.00. 24,074 shares were traded during trading, a decline of 86% from the average session volume of 178,192 shares. The stock had previously closed at $30.40.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Saab Trading Down 4.2%

The business has a 50-day moving average of $28.04 and a 200 day moving average of $32.36. The stock has a market cap of $31.19 billion, a PE ratio of 37.35 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28.

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

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.