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

Key Points

• Saab's share price gapped down from a previous close of $27.86 to open at $25.50, and it last traded at $25.64 with a volume of 22,567 shares.
• Recent analyst ratings for Saab include a downgrade from Citigroup to a strong sell, while Pareto Securities rated it as a hold, leading to a current consensus rating of “Hold”.
• For the latest quarter, Saab reported $0.29 EPS and revenue of $2.05 billion, with a net margin of 7.45% and return on equity of 13.82%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $27.86, but opened at $25.50. Saab shares last traded at $25.64, with a volume of 22,567 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Pareto Securities raised shares of Saab to a "hold" rating in a report on Monday, July 21st. Citigroup downgraded shares of 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 one has assigned a Sell rating to the company. According to data from MarketBeat.com, Saab presently has a consensus rating of "Hold".

Saab Price Performance

The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.20. The business's 50-day simple moving average is $26.19 and its 200 day simple moving average is $22.01. The firm has a market capitalization of $27.51 billion, a P/E ratio of 42.13 and a beta of -0.02.

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 net margin of 7.45% and a return on equity of 13.82%. The business 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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