Saab (OTCMKTS:SAABY) Shares Gap Down - What's Next?

Key Points

• Saab shares gapped down from a closing price of $28.77 to $28.00 before trading at $28.24 with a volume of 7,070 shares.
• Analysts have mixed ratings for Saab, with one strong buy, one hold, and two strong sell ratings, leading to a consensus rating of "Hold."
• The company reported $0.29 earnings per share and revenue of $2.05 billion in its last quarterly earnings.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.77, but opened at $28.00. Saab shares last traded at $28.24, with a volume of 7,070 shares.

Wall Street Analyst Weigh In

SAABY has been the subject of several analyst reports. Pareto Securities raised Saab to a "hold" rating in a research report on Monday, July 21st. Barclays raised Saab to a "strong sell" rating in a research note on Monday, September 8th. Finally, Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Saab Stock Up 3.1%

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 firm has a 50-day simple moving average of $27.27 and a two-hundred day simple moving average of $24.36. The company has a market cap of $30.00 billion and a PE ratio of 45.94.

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

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.