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Saab (OTCMKTS:SAABY) Sees Unusually-High Trading Volume - What's Next?

Saab logo with Aerospace background

Key Points

  • Saab (OTCMKTS:SAABY) experienced a significant increase in trading volume, with 427,062 shares traded, marking a 143% rise from the previous session.
  • The stock price fell 3.8%, closing at $26.17, down from a prior close of $27.19.
  • Recent analyst ratings saw Citigroup downgrade Saab from a "strong-buy" to a "strong sell," while Pareto Securities upgraded it to a "hold" rating.
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Shares of Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) saw strong trading volume on Friday . 427,062 shares were traded during trading, an increase of 143% from the previous session's volume of 176,088 shares.The stock last traded at $26.17 and had previously closed at $27.19.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup downgraded shares of Saab from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 24th. Pareto Securities raised shares of Saab to a "hold" rating in a research note on Monday, July 21st.

Check Out Our Latest Research Report on SAABY

Saab Price Performance

The company has a market cap of $28.10 billion, a PE ratio of 43.03 and a beta of -0.02. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average is $26.09 and its 200-day moving average is $21.47.

Saab (OTCMKTS:SAABY - Get Free Report) last issued its earnings results on Friday, July 18th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $2.05 billion for the quarter. Saab had a net margin of 7.45% and a return on equity of 13.82%.

Saab Company Profile

(Get Free Report)

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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