Saab (OTCMKTS:SAABY) Sets New 12-Month High – Time to Buy?

Saab AB (OTCMKTS:SAABY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $21.50 and last traded at $20.60, with a volume of 327593 shares. The stock had previously closed at $19.83.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Saab from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th.

Saab Stock Up 3.1 %

The company has a market capitalization of $22.95 billion, a PE ratio of 59.56 and a beta of -0.03. The business has a 50-day simple moving average of $16.68.

Saab Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be paid a $0.0493 dividend. The ex-dividend date is Monday, April 14th. Saab’s dividend payout ratio (DPR) is currently 16.67%.

Saab Company Profile

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.