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

Saab logo with Aerospace background

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%.
  • Want stock alerts on Saab? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s stock price gapped down before the market opened 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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SAABY shares. Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 24th. Pareto Securities upgraded Saab to a "hold" rating in a report on Monday, July 21st.

Get Our Latest Analysis on Saab

Saab Stock Performance

The stock has a market capitalization of $28.16 billion, a P/E ratio of 43.12 and a beta of -0.02. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The company's fifty day simple moving average is $26.06 and its 200 day simple moving average is $21.07.

Saab (OTCMKTS:SAABY - Get Free Report) last announced 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 firm had revenue of $2.05 billion during the quarter.

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.

See Also

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