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

Key Points

• Gapped down: Saab ADR opened at $32.78 after a prior close of $33.99, was last near $33.98 and was trading about 0.4% lower on light volume (~7,800 shares).
• Fundamentals: Market capitalization is $36.24 billion with a P/E of 45.75; last quarter reported $0.25 EPS on $2.94 billion revenue, with a net margin of 7.99% and ROE of 15.73%.
• Technicals and balance sheet: the 50-day moving average ($36.84) sits above the current price while the 200-day ($31.16) is below it; leverage and liquidity are modest with a debt-to-equity of 0.29, current ratio 1.30 and quick ratio 0.90.

Shares of Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $33.99, but opened at $32.78. Saab shares last traded at $33.98, with a volume of 7,795 shares.

Saab Trading Down 0.4%

The business has a fifty day moving average of $36.84 and a 200-day moving average of $31.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.90 and a current ratio of 1.30. The company has a market capitalization of $36.24 billion, a P/E ratio of 45.75 and a beta of -0.15.

Saab (OTCMKTS:SAABY - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $2.94 billion for the quarter. Saab had a net margin of 7.99% and a return on equity of 15.73%.

Saab Company Profile

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.

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