Saab (OTCMKTS:SAABY) Shares Gap Down - Here's Why

Key Points

• Saab's share price gapped down from a previous close of $27.12 to an opening price of $26.10, with the last traded price at $27.19.
• Analyst ratings saw significant changes, as Citigroup downgraded Saab from a "strong-buy" to a "strong sell", while Pareto Securities upgraded the shares to a "hold" rating.
• For the last quarter, Saab reported an earnings per share of $0.29 and revenue of $2.05 billion, with a net margin of 7.45%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.12, but opened at $26.10. Saab shares last traded at $27.19, with a volume of 11,058 shares changing hands.

Analyst Ratings Changes

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

Saab Stock Performance

The business's 50-day simple moving average is $25.87 and its two-hundred day simple moving average is $20.67. The firm has a market cap of $29.01 billion, a price-to-earnings ratio of 44.42 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.

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

About Saab

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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