Saab (OTCMKTS:SAABY) Shares Gap Up – Time to Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $32.75, but opened at $35.04. Saab shares last traded at $34.80, with a volume of 16,416 shares traded.

Saab Trading Down 1.9%

The firm’s 50-day moving average price is $36.06 and its 200-day moving average price is $31.36. The company has a market cap of $36.86 billion, a P/E ratio of 46.53 and a beta of -0.07. The company has a quick ratio of 0.90, a current ratio of 1.30 and a debt-to-equity ratio of 0.29.

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

Saab Company Profile

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.