Saab (OTCMKTS:SAABY) Trading Down 1.3% – What’s Next?

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) fell 1.3% on Friday . The stock traded as low as $30.5080 and last traded at $30.68. 84,892 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 57,648 shares. The stock had previously closed at $31.07.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SAABY shares. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada upgraded shares of Saab to a “hold” rating in a report on Tuesday, August 11th. Finally, Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Saab currently has a consensus rating of “Moderate Buy”.

Saab Stock Down 1.3%

The business’s fifty day moving average price is $31.77 and its two-hundred day moving average price is $31.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.82 and a current ratio of 1.23. The firm has a market capitalization of $32.84 billion, a P/E ratio of 43.83 and a beta of -0.12.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.21 EPS for the quarter. The firm had revenue of $2.72 billion during the quarter. Saab had a net margin of 8.05% and a return on equity of 15.87%.

About Saab

Saab AB is a Swedish defense and security company that develops, manufactures and supports advanced systems for air, land and naval forces. The company is separate from the former Saab automobile business and focuses primarily on defense, aerospace and security applications for government and commercial customers.

Its products and services include the Gripen fighter aircraft, airborne early-warning and control systems such as GlobalEye and Erieye, radar and surveillance technologies, command-and-control systems, missile and weapon systems, the Carl-Gustaf weapon system, submarines, surface vessels and other naval solutions.