Saab (OTCMKTS:SAABY) Trading Down 4% – Here’s What Happened

Saab AB – Unsponsored ADR (OTCMKTS:SAABYGet Free Report) dropped 4% during trading on Thursday . The stock traded as low as $37.91 and last traded at $38.17. Approximately 89,803 shares changed hands during trading, a decline of 72% from the average daily volume of 323,384 shares. The stock had previously closed at $39.75.

Key Headlines Impacting Saab

Here are the key news stories impacting Saab this week:

Saab Trading Down 3.7%

The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average is $29.51 and its 200 day moving average is $28.16. The stock has a market cap of $41.00 billion, a PE ratio of 62.27 and a beta of -0.19.

Saab (OTCMKTS:SAABYGet Free Report) last posted its quarterly earnings results on Friday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.67 billion during the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%.

Saab Company Profile

(Get Free Report)

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.

Further Reading

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