Saab AB (publ) (OTCMKTS:SAABF) Trading 8.9% Higher – Still a Buy?

Saab AB (publ) (OTCMKTS:SAABF)’s share price was up 8.9% during trading on Thursday . The stock traded as high as $63.70 and last traded at $63.03. Approximately 4,163 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 5,028 shares. The stock had previously closed at $57.8760.

Saab AB (publ) Stock Up 8.9%

The company has a 50 day moving average price of $62.59 and a 200 day moving average price of $64.18.

About Saab AB (publ)

Saab AB (publ) is a Sweden-based aerospace and defense company specializing in the design, development and manufacture of military and civil security solutions. With roots dating back to its founding in 1937 as Svenska Aeroplan Aktiebolaget, Saab has evolved into a multi-domain supplier offering advanced systems for air, land, sea and cyber environments. The company’s portfolio spans fighter aircraft, sensors, command and control systems, training services and integrated mission solutions.

In the aerospace segment, Saab is best known for its Gripen family of multi-role combat aircraft, which combines advanced avionics, modular architecture and cost-effective support.