Saab (OTCMKTS:SAABY) Trading Down 3.6% - Should You Sell?

Key Points

• Saab's stock price fell 3.6% to $28.08, with trading volume down 91% from average levels, indicating a significant decline in investor interest.
• Analyst ratings show a mixed outlook, with Citigroup and Barclays both issuing "strong sell" ratings, while Pareto Securities rated it a "hold."
• The company reported $0.29 EPS and $2.05 billion in revenue for its last quarter, reflecting a 7.45% net margin and return on equity of 13.82%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) fell 3.6% on Thursday . The company traded as low as $28.03 and last traded at $28.08. 13,489 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 158,360 shares. The stock had previously closed at $29.12.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SAABY shares. Citigroup cut shares of Saab from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. Barclays raised Saab to a "strong sell" rating in a research note on Monday, September 8th. Finally, Pareto Securities raised Saab to a "hold" rating in a report on Monday, July 21st. One equities 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 company. According to data from MarketBeat, Saab has a consensus rating of "Hold".

Saab Stock Down 3.3%

The business has a fifty day moving average price of $28.12 and a two-hundred day moving average price of $25.40. The firm has a market cap of $30.16 billion, a PE ratio of 46.18 and a beta of -0.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.84.

Saab (OTCMKTS:SAABY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The company reported $0.29 EPS for the quarter. The firm had revenue of $2.05 billion during 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.

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