Saab (OTCMKTS:SAABY) Stock Price Down 0.2% - Here's What Happened

Key Points

• Saab (OTCMKTS:SAABY) shares experienced a slight decline of 0.2%, trading at $28.11 with a volume drop of 54% compared to its average trading session.
• Wall Street analysts have mixed sentiments on Saab, with ratings ranging from “strong sell” to “strong buy,” leading to an average rating of “Hold.”
• The company reported a quarterly earnings per share (EPS) of $0.29 and revenue of $2.05 billion, highlighting a net margin of 7.45%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s share price was down 0.2% during trading on Wednesday . The company traded as low as $26.83 and last traded at $28.11. Approximately 44,813 shares changed hands during trading, a decline of 54% from the average daily volume of 97,130 shares. The stock had previously closed at $28.18.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SAABY shares. Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, June 24th. Pareto Securities upgraded Saab to a "hold" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average 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 company has a market cap of $30.29 billion and a PE ratio of 46.38. The stock has a 50-day simple moving average of $26.71 and a 200 day simple moving average of $23.08.

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