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

Key Points

• Saab AB shares gapped up before trading, opening at $27.20 after a previous close of $26.14, and last traded at $27.06 with a volume of 895 shares.
• Recent analyst activities include Citigroup downgrading Saab from a "strong-buy" to a "strong sell," while Pareto Securities upgraded the stock to a "hold" rating.
• Saab reported $2.05 billion in revenue for the last quarter, with earnings per share of $0.29, reflecting a net margin of 7.45% and a return on equity of 13.82%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $26.14, but opened at $27.20. Saab shares last traded at $27.06, with a volume of 895 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented 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 raised shares of Saab to a "hold" rating in a report on Monday, July 21st.

Saab Stock Up 3.9%

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 firm's 50 day moving average is $26.10 and its 200-day moving average is $21.50. The firm has a market cap of $29.08 billion, a PE ratio of 44.53 and a beta of -0.02.

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

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