Saab (OTCMKTS:SAABY) Sees Large Volume Increase – Should You Buy?

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw strong trading volume on Monday . 323,899 shares changed hands during trading, an increase of 94% from the previous session’s volume of 167,339 shares.The stock last traded at $34.3064 and had previously closed at $33.49.

Analysts Set New Price Targets

SAABY has been the subject of a number of analyst reports. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Saab Stock Performance

The firm’s 50 day moving average is $28.66 and its 200 day moving average is $31.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.82 and a current ratio of 1.23. The stock has a market cap of $36.93 billion, a P/E ratio of 49.29 and a beta of -0.14.

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

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.