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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $28.65, but opened at $27.52. Saab shares last traded at $27.7168, with a volume of 11,502 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Saab Stock Performance

The company has a 50-day moving average of $30.21 and a 200-day moving average of $32.18. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29. The company has a market cap of $29.52 billion, a PE ratio of 35.35 and a beta of -0.15.

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

About Saab

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.