Saab (OTCMKTS:SAABY) Trading 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 stock price dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $26.83 and last traded at $28.11. Approximately 44,813 shares traded hands during mid-day 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

SAABY has been the topic of several recent research reports. Pareto Securities upgraded Saab to a "hold" rating in a research report on Monday, July 21st. Citigroup lowered Saab from a "strong-buy" rating to a "strong sell" rating in a report 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 MarketBeat.com, the company presently has an average rating of "Hold".

Saab Trading Down 0.9%

The company has a fifty day simple moving average of $26.83 and a two-hundred day simple moving average of $23.23. 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 stock has a market capitalization of $30.02 billion and a P/E ratio of 45.97.

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. The company had revenue of $2.05 billion for the quarter. Saab had a return on equity of 13.82% and a net margin of 7.45%.

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.