Saab (OTCMKTS:SAABY) Cut to “Strong Sell” at Citigroup

Citigroup lowered shares of Saab (OTCMKTS:SAABY) from a strong-buy rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, UBS Group upgraded Saab from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 24th.

Saab Price Performance

Shares of Saab stock opened at $24.77 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $26.52 billion, a price-to-earnings ratio of 61.16 and a beta of -0.03. The firm’s 50-day moving average price is $23.93. Saab has a 52-week low of $9.68 and a 52-week high of $26.93.

Saab (OTCMKTS:SAABY) last posted its earnings results on Friday, April 25th. The company reported $0.11 earnings per share (EPS) for the quarter. Saab had a net margin of 7.14% and a return on equity of 12.81%. The business had revenue of $1.48 billion for the quarter.

Saab Company Profile

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.