Saab (OTCMKTS:SAABY - Get Free Report) was downgraded by research analysts at Citigroup from a "strong-buy" rating to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.
Separately, UBS Group upgraded Saab from a "hold" rating to a "strong-buy" rating in a report on Monday, March 24th.
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Saab Trading Down 1.8%
SAABY stock traded down $0.49 during midday trading on Tuesday, reaching $26.93. The company had a trading volume of 158,497 shares, compared to its average volume of 171,484. The company's 50 day moving average price is $24.17. The stock has a market capitalization of $28.83 billion, a P/E ratio of 66.49 and a beta of -0.03. Saab has a 1 year low of $9.68 and a 1 year high of $27.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 0.84.
Saab (OTCMKTS:SAABY - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.11 earnings per share (EPS) for the quarter. Saab had a return on equity of 12.81% and a net margin of 7.14%. The business had revenue of $1.48 billion during the quarter.
About Saab
(
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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.
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