Saab (OTCMKTS:SAABY) Hits New 12-Month High - Here's Why

Key Points

• Saab AB's stock price reached a new 52-week high of $29.11 before closing at $28.83, with a trading volume of 3,456 shares.
• Analysts have mixed ratings on Saab: one Strong Buy, one Hold, and two Sell ratings, leading to an average rating of "Hold."
• The company reported $0.29 earnings per share and $2.05 billion in revenue for the last quarter, with a return on equity of 13.82%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $29.11 and last traded at $28.83, with a volume of 3456 shares. The stock had previously closed at $28.02.

Analysts Set New Price Targets

A number of research firms have commented on SAABY. Pareto Securities upgraded Saab to a "hold" rating in a research report on Monday, July 21st. Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, June 24th. Finally, Barclays upgraded Saab to a "strong sell" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

Saab Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.84. The company has a 50-day moving average price of $27.35 and a 200-day moving average price of $24.53. The firm has a market capitalization of $31.74 billion and a PE ratio of 48.61.

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

Saab Company Profile

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.