Saab (OTCMKTS:SAABY) Shares Gap Down – What’s Next?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $30.96, but opened at $29.49. Saab shares last traded at $30.78, with a volume of 1,813 shares changing hands.

Wall Street Analysts Forecast Growth

SAABY has been the topic of a number of research reports. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Royal Bank Of Canada upgraded shares of Saab to a “hold” rating in a research note on Tuesday, August 11th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Saab currently has an average rating of “Moderate Buy”.

Saab Stock Down 0.9%

The firm has a 50-day moving average price of $32.19 and a two-hundred day moving average price of $30.84. The company has a market capitalization of $32.85 billion, a P/E ratio of 43.84 and a beta of -0.12. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26.

Saab (OTCMKTS:SAABY) last announced its earnings results on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. The business 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.