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Saab (OTCMKTS:SAABY) Hits New 52-Week High - Should You Buy?

Saab logo with Aerospace background

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $27.10 and last traded at $27.10, with a volume of 25830 shares traded. The stock had previously closed at $25.97.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SAABY. UBS Group raised Saab from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 24th. Citigroup cut shares of Saab from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th.

Get Our Latest Stock Report on SAABY

Saab Stock Down 1.8%

The stock has a market cap of $28.83 billion, a PE ratio of 66.49 and a beta of -0.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.32 and a quick ratio of 0.84. The firm has a 50 day moving average price of $24.17.

Saab (OTCMKTS:SAABY - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $0.11 EPS for the quarter. Saab had a net margin of 7.14% and a return on equity of 12.81%. The business had revenue of $1.48 billion for the quarter.

About Saab

(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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Should You Invest $1,000 in Saab Right Now?

Before you consider Saab, you'll want to hear this.

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