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

Key Points

• Saab's stock gapped down to $26.70 at market open, after closing at $27.89, marking a 5.3% decrease in trading.
• Analyst ratings reflect mixed sentiments, with Pareto Securities upgrading the stock to a "hold" while Citigroup downgraded it from "strong-buy" to "strong sell."
• For the last quarter, Saab reported $0.29 earnings per share and a revenue of $2.05 billion, as well as a return on equity of 14.46%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $27.89, but opened at $26.70. Saab shares last traded at $26.62, with a volume of 30,332 shares changing hands.

Analyst Ratings Changes

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

Saab Trading Down 0.1%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 1.30. The firm has a market cap of $29.03 billion, a PE ratio of 44.46 and a beta of -0.01. The stock's 50 day simple moving average is $25.82 and its 200 day simple moving average is $20.48.

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

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.