Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY – Get Free Report) gapped up before the market opened 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.
Analyst Ratings Changes
Several research analysts recently commented on SAABY shares. Pareto Securities lowered shares of Saab from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Royal Bank Of Canada raised shares of Saab to a “hold” rating in a report on Tuesday, August 11th. Kepler Capital Markets upgraded 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 research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
View Our Latest Stock Report on SAABY
Saab Trading Down 2.8%
The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average is $31.35 and its two-hundred day moving average is $31.92. The firm has a market cap of $34.46 billion, a P/E ratio of 44.74 and a beta of -0.17.
Saab (OTCMKTS:SAABY – Get Free Report) last issued its earnings results on Friday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter. Saab had a net margin of 8.11% and a return on equity of 16.27%. The firm had revenue of $2.13 billion for the quarter.
Saab Company Profile
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.
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