Saab AB – Unsponsored ADR (OTCMKTS:SAABY – Get Free Report)’s share price traded up 8.4% on Friday . The company traded as high as $31.68 and last traded at $31.21. 9,776 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 192,049 shares. The stock had previously closed at $28.78.
Analyst Ratings Changes
Separately, Citigroup raised shares of 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 stock. According to MarketBeat, the company has an average rating of “Reduce”.
Get Our Latest Research Report on SAABY
Saab Trading Down 0.3%
Saab (OTCMKTS:SAABY – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 EPS for the quarter. Saab had a net margin of 7.87% and a return on equity of 15.43%. The company had revenue of $2.10 billion during the quarter.
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.
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