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

Key Points

• Saab's shares gapped down from $26.61 to $25.99 before trading began on Wednesday, reflecting a 4.7% decrease in value.
• Analysts have downgraded Saab's stock rating, with Barclays and Citigroup both issuing "strong sell" ratings and one analyst maintaining a "strong buy" rating.
• Saab reported a quarterly revenue of $2.05 billion with earnings of $0.29 per share, indicating a relatively healthy profit margin of 7.45% and return on equity of 13.82%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $26.61, but opened at $25.99. Saab shares last traded at $25.99, with a volume of 11,422 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays upgraded shares of Saab to a "strong sell" rating in a research note on Monday, September 8th. Pareto Securities raised shares of Saab to a "hold" rating in a research note on Monday, July 21st. Finally, Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Saab Stock Down 4.7%

The firm's fifty day moving average is $28.10 and its 200 day moving average is $25.59. The stock has a market cap of $27.15 billion, a P/E ratio of 41.57 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.

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

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