Saab (OTCMKTS:SAABY) Posts Earnings Results

Saab (OTCMKTS:SAABY) released its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, Zacks reports. Saab had a return on equity of 15.73% and a net margin of 7.99%.

Saab Trading Up 2.9%

Shares of OTCMKTS SAABY traded up $0.89 during trading hours on Thursday, hitting $31.41. 31,255 shares of the company traded hands, compared to its average volume of 206,959. The stock has a market capitalization of $33.63 billion, a price-to-earnings ratio of 42.45 and a beta of -0.07. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average price is $34.66 and its 200 day moving average price is $31.72. Saab has a 12 month low of $21.04 and a 12 month high of $40.77.

About Saab

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.