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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $36.9150, but opened at $34.72. Saab shares last traded at $35.9750, with a volume of 3,402 shares.

Saab Stock Performance

The firm has a 50 day moving average price of $35.08 and a 200-day moving average price of $29.99. The firm has a market capitalization of $38.46 billion, a price-to-earnings ratio of 48.54 and a beta of -0.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.83.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.25 EPS for the quarter. The company had revenue of $2.94 billion during the quarter. Saab had a net margin of 7.99% and a return on equity of 16.16%.

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.