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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $33.11, but opened at $31.76. Saab shares last traded at $32.0950, with a volume of 10,965 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAABY. Barclays raised Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Royal Bank Of Canada upgraded Saab to a “hold” rating in a research report on Tuesday, August 11th. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Pareto Securities lowered shares of Saab from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Saab Trading Down 3.1%

The stock has a market cap of $34.35 billion, a PE ratio of 43.36 and a beta of -0.17. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $31.34 and a two-hundred day simple moving average of $31.96.

Saab (OTCMKTS:SAABY) last released its earnings results on Friday, October 23rd. The company reported $0.13 earnings per share for the quarter. The company had revenue of $2.13 billion during the quarter. Saab had a return on equity of 16.27% and a net margin of 8.11%.

Saab Company Profile

Saab AB is a Swedish defense and security company that develops and manufactures products and services for military, government, and commercial customers. Its offerings include combat aircraft, weapons, radar and surveillance systems, command-and-control technology, and training and simulation services. The company also develops naval systems, including submarines and surface-vessel solutions, through its Kockums business. Saab serves customers in Sweden and other markets around the world, working with governments and defense organizations as well as selected commercial clients.