Saab (OTCMKTS:SAABY) Stock Price Up 3.9% – Should You Buy?

Shares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY) rose 3.9% during trading on Monday. The company traded as high as $30.67 and last traded at $30.57. Approximately 5,342 shares changed hands during trading, a decline of 96% from the average session volume of 143,835 shares. The stock had previously closed at $29.4265.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAABY. Barclays upgraded shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada raised shares of Saab to a “hold” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Saab Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. The company has a market cap of $32.03 billion, a P/E ratio of 43.09 and a beta of -0.15. The company’s 50-day moving average price is $32.02 and its two-hundred day moving average price is $30.42.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, July 17th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $2.72 billion for the quarter. Saab had a net margin of 8.05% and a return on equity of 15.87%.

About Saab

Saab AB is a Swedish defense and security company that develops, manufactures and maintains advanced systems for governments, armed forces and other public-sector customers. The company’s activities span aeronautics, weapons systems, command and control, sensors, surveillance, naval systems and cybersecurity.

Its product portfolio includes the Gripen fighter aircraft, GlobalEye airborne early warning and control system, radar and electronic warfare solutions, the Carl-Gustaf recoilless rifle, AT4 anti-armor weapon and RBS 70 air-defense system.