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Saab (OTCMKTS:SAABY) Raised to "Hold" at Pareto Securities

Saab logo with Aerospace background

Saab (OTCMKTS:SAABY - Get Free Report) was upgraded by stock analysts at Pareto Securities to a "hold" rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, June 24th. UBS Group raised Saab from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 24th.

Check Out Our Latest Analysis on Saab

Saab Stock Down 0.2%

Shares of SAABY traded down $0.05 on Monday, hitting $27.85. The company's stock had a trading volume of 83,376 shares, compared to its average volume of 113,912. The company has a quick ratio of 0.84, a current ratio of 1.32 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $25.56 and its 200-day moving average price is $20.09. Saab has a fifty-two week low of $9.68 and a fifty-two week high of $28.99. The firm has a market capitalization of $29.81 billion, a price-to-earnings ratio of 45.66 and a beta of -0.01.

Saab (OTCMKTS:SAABY - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.29 earnings per share (EPS) for the quarter. Saab had a return on equity of 14.46% and a net margin of 7.45%. The business had revenue of $2.05 billion during the quarter.

About Saab

(Get Free Report)

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.

Further Reading

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