Saab (OTCMKTS:SAABY) Shares Gap Down - Time to Sell?

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $26.04, but opened at $25.26. Saab shares last traded at $25.53, with a volume of 37,149 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup cut shares of Saab from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, June 24th. UBS Group upgraded shares of Saab from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 24th.

Saab Trading Down 0.6%

The stock has a market capitalization of $27.35 billion, a price-to-earnings ratio of 63.09 and a beta of -0.01. The company's 50-day moving average is $24.79 and its 200-day moving average is $18.91. The company has a quick ratio of 0.84, a current ratio of 1.32 and a debt-to-equity ratio of 0.21.

Saab (OTCMKTS:SAABY - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.11 earnings per share 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 during 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.