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

Shares of Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $27.93, but opened at $26.46. Saab shares last traded at $26.32, with a volume of 28,480 shares changing hands.

Analysts Set New Price Targets

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

Saab Price Performance

The stock has a market capitalization of $27.81 billion, a P/E ratio of 64.15 and a beta of -0.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.32. The company's 50-day moving average is $24.32.

Saab (OTCMKTS:SAABY - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.11 EPS 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.

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.