Saab (OTCMKTS:SAABY) Stock Price Down 4% – Here’s Why

Saab AB – Unsponsored ADR (OTCMKTS:SAABYGet Free Report) shares fell 4% during mid-day trading on Thursday . The stock traded as low as $37.91 and last traded at $38.17. 89,803 shares were traded during trading, a decline of 72% from the average session volume of 323,384 shares. The stock had previously closed at $39.75.

Saab News Summary

Here are the key news stories impacting Saab this week:

Saab Price Performance

The company has a market capitalization of $41.00 billion, a PE ratio of 62.27 and a beta of -0.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $29.51 and its 200-day simple moving average is $28.16.

Saab (OTCMKTS:SAABYGet Free Report) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.09 earnings per share 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

(Get Free Report)

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.

Further Reading

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