Saab (OTCMKTS:SAABY) Shares Gap Up - Here's Why

Key Points

• Saab AB shares experienced a significant **gap up**, opening at **$28.00** compared to the previous close of **$26.19**, with the stock last trading at **$28.44**.
• The company has a **market cap** of **$29.75 billion** and a current ratio of **1.30**, indicating a solid financial position.
• Analysts have mixed ratings on Saab, with **one Strong Buy**, **one Hold**, and **two Sell** ratings, leading to a consensus rating of **"Hold."**

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $26.19, but opened at $28.00. Saab shares last traded at $28.44, with a volume of 13,358 shares.

Analyst Upgrades and Downgrades

SAABY has been the subject of a number of recent research reports. Pareto Securities upgraded shares of Saab to a "hold" rating in a report on Monday, July 21st. Barclays upgraded shares of Saab to a "strong sell" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Saab presently has a consensus rating of "Hold".

Saab Stock Up 6.1%

The stock has a market cap of $29.75 billion, a PE ratio of 45.55 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. The business has a 50-day moving average price of $27.94 and a 200-day moving average price of $25.83.

Saab (OTCMKTS:SAABY - Get Free Report) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.09 earnings per share for the quarter. Saab had a return on equity of 13.82% and a net margin of 7.45%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.