Saab (OTCMKTS:SAABY) Shares Gap Up – Still a Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $23.32, but opened at $25.00. Saab shares last traded at $24.77, with a volume of 4,239 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Saab to a “strong sell” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Saab presently has a consensus rating of “Hold”.

Saab Stock Up 2.7%

The company has a 50 day moving average price of $27.56 and a 200-day moving average price of $26.62. The stock has a market capitalization of $26.45 billion, a PE ratio of 40.18 and a beta of -0.12. 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 released its quarterly earnings results on Friday, October 24th. The company reported $0.09 earnings per share for the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%. The business had revenue of $1.67 billion for the quarter.

About Saab

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.