Saab (OTCMKTS:SAABY) Trading Up 8.4% – What’s Next?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price traded up 8.4% during trading on Friday . The company traded as high as $31.68 and last traded at $31.21. 9,776 shares traded hands during trading, a decline of 95% from the average session volume of 192,049 shares. The stock had previously closed at $28.78.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Saab Trading Down 0.3%

The firm has a market capitalization of $33.32 billion, a price-to-earnings ratio of 39.90 and a beta of -0.14. The business’s fifty day moving average is $31.28 and its 200 day moving average is $32.09. 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 released its earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share for the quarter. The business had revenue of $2.10 billion during 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.