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 Monday . The stock had previously closed at $30.89, but opened at $29.15. Saab shares last traded at $28.90, with a volume of 15,839 shares changing hands.

Analysts Set New Price Targets

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

Saab Stock Down 2.4%

The firm has a market cap of $30.18 billion, a price-to-earnings ratio of 36.14 and a beta of -0.15. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $31.02 and a 200-day moving average of $32.13.

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

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.