Saab (OTCMKTS:SAABY) Shares Gap Up – Time to Buy?

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped up prior to trading on Thursday . The stock had previously closed at $28.78, but opened at $30.26. Saab shares last traded at $30.43, with a volume of 20,046 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Saab Stock Performance

The company has a market cap of $33.07 billion, a price-to-earnings ratio of 39.60 and a beta of -0.14. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $31.16 and its 200 day simple moving average is $32.08.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share for the quarter. Saab had a net margin of 7.87% and a return on equity of 15.43%. The business had revenue of $2.10 billion during the quarter.

Saab Company Profile

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.