Saab (OTCMKTS:SAABY) Shares Gap Up – Should You Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $30.50, but opened at $32.65. Saab shares last traded at $33.00, with a volume of 2,333 shares traded.

Wall Street Analysts Forecast Growth

SAABY has been the subject of several analyst reports. Pareto Securities downgraded shares of Saab from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Royal Bank Of Canada upgraded shares of 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 research note on Monday, July 20th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Saab Trading Up 0.7%

The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The company has a market cap of $35.17 billion, a P/E ratio of 44.39 and a beta of -0.17. The business has a 50-day moving average price of $31.34 and a two-hundred day moving average price of $31.99.

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

About Saab

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.

Founded in 1937 as Svenska Aeroplan Aktiebolaget, Saab began as an aircraft manufacturer and has since expanded into a broader defense and security business.