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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $37.33, but opened at $35.18. Saab shares last traded at $35.58, with a volume of 5,072 shares changing hands.

Saab Stock Performance

The firm has a market capitalization of $39.20 billion, a price-to-earnings ratio of 49.49 and a beta of -0.15. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average is $36.70 and its 200-day moving average is $30.69.

Saab (OTCMKTS:SAABY) last issued its earnings results on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $2.94 billion for the quarter. Saab had a net margin of 7.99% and a return on equity of 15.73%.

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.