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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $27.75, but opened at $28.5750. Saab shares last traded at $28.7103, with a volume of 30,195 shares traded.

Analyst Ratings Changes

Separately, Barclays raised shares of Saab to a “strong sell” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Saab Stock Performance

The stock’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $26.89. The company has a market capitalization of $30.80 billion, a PE ratio of 46.78 and a beta of -0.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.33.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, October 24th. The company reported $0.09 EPS for the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%. The firm had revenue of $1.67 billion during 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.