Saab (OTCMKTS:SAABY) Shares Gap Down – Should You Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $36.9150, but opened at $34.72. Saab shares last traded at $35.9750, with a volume of 3,402 shares changing hands.

Saab Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.33. The company has a market capitalization of $38.92 billion, a PE ratio of 49.14 and a beta of -0.19. The company’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $29.88.

Saab (OTCMKTS:SAABY) last announced its earnings results on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $2.94 billion during the quarter. Saab had a net margin of 7.99% and a return on equity of 16.16%.

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.