Saab (OTCMKTS:SAABY) Shares Gap Down – Here’s Why

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $25.17, but opened at $24.06. Saab shares last traded at $24.0390, with a volume of 13,998 shares.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Saab to a “strong sell” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Saab has a consensus rating of “Hold”.

Saab Price Performance

The business has a 50 day simple moving average of $27.56 and a 200-day simple moving average of $26.62. The company has a market capitalization of $26.56 billion, a P/E ratio of 40.34 and a beta of -0.12. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 0.27.

Saab (OTCMKTS:SAABY) last released its quarterly earnings data on Friday, October 24th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $1.67 billion for the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%.

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.