Saab (OTCMKTS:SAABY) Shares Gap Down – Here’s What Happened

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $32.23, but opened at $31.14. Saab shares last traded at $32.57, with a volume of 9,194 shares.

Analyst Ratings Changes

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

Saab Trading Down 1.2%

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 company’s 50-day moving average price is $31.71 and its 200-day moving average price is $30.37. The firm has a market capitalization of $34.11 billion, a PE ratio of 46.09 and a beta of -0.15.

About Saab

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company’s Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.