Saab (OTCMKTS:SAABY) Shares Gap Down – Time to Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) gapped down before the market opened on Wednesday. The stock had previously closed at $33.11, but opened at $31.76. Saab shares last traded at $32.0950, with a volume of 10,965 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on SAABY shares. Kepler Capital Markets upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada upgraded shares of Saab to a “hold” rating in a research note on Tuesday, August 11th. Finally, Pareto Securities cut shares of Saab from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Saab Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 0.82. The stock has a 50-day moving average price of $31.34 and a 200-day moving average price of $31.88. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 43.50 and a beta of -0.17.

Saab (OTCMKTS:SAABY) last posted its earnings results on Friday, October 23rd. The company reported $0.13 earnings per share for the quarter. Saab had a return on equity of 16.27% and a net margin of 8.11%. The business had revenue of $2.13 billion for the quarter.

About Saab

Saab AB is a Swedish defense and security company that develops and manufactures products and services for military, government, and commercial customers. Its offerings include combat aircraft, weapons, radar and surveillance systems, command-and-control technology, and training and simulation services. The company also develops naval systems, including submarines and surface-vessel solutions, through its Kockums business. Saab serves customers in Sweden and other markets around the world, working with governments and defense organizations as well as selected commercial clients.